Industry expertise from initiating M&A advisory firm—Corporate Advisory Solutions—brings in multiple bids, resulting in strategic acquisition.
FOR IMMEDIATE RELEASE
PHILADEPHIA, PA March 9, 2023—M&A activity is alive and well in the account receivables management (ARM) industry—especially when it comes to state and local government transactions. Serving as the exclusive sell-side M&A advisor to Municipal Collection Services, Inc., the Corporate Advisory Solutions (CAS) team relied on their niche experience in the local and state collections sector to find the optimal strategic buyer.
That buyer ended up being Reliant Capital Solutions, LLC—a certified women-owned business and burgeoning leader in the ARM sector servicing government, education, healthcare, consumer, and commercial clients.
“We are thrilled to welcome MCS to the Reliant family and expanding our footprint in the local government sector” remarked Reliant CEO Margie Brickner. “MCS and Reliant share the same commitment to our clients and employees, and serve our clients and consumers with integrity, transparency and professionalism.”
Established in 2007 by Margie Brickner, Reliant started with a focus on compassionate collection of higher education debts, but has since expanded its service offerings to encompass first- and third-party account servicing and call center solutions for a broad range of industries. Through this strategic acquisition, Reliant enhances service capabilities for municipal clients and provides MCS with a broad range of omni-channel and other technological capabilities to improve the recovery results for its clients.
About CAS
Corporate Advisory Solutions (CAS) is an independent investment and merchant banking firm based in Philadelphia and Washington, D.C., specializing in M&A, valuation and strategic advisory services for the Global Outsourced (tech-enabled) Business Services (OBS) sector. Our core markets include Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), and Customer Relationship Management (CRM). The CAS team brings over 40 years of combined M&A, valuation, exit prep, and strategic advisory experience to every engagement, and its members have successfully completed over 135 transactions representing more than $2.5 billion in deal value within these core markets. Visit our website: Corporate Advisory Solutions
Securities transactions conducted through StillPoint Capital, LLC, Tampa, FL.