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Credit Research News
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HOME ::
RESEARCH :: CREDIT ::
NEWS::
JUN 2008
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Oxford Security Check sells to private equity firm in multi-million dollar transaction
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In a multi-million-dollar transaction that forms one of the nation’s largest check collection companies, this week a Midwestern private equity fund bought Oxford’s Security Check, the check collections subsidiary of Security Holdings, LLC.
Though the specific financial terms of the agreement were not disclosed, the transaction represents a significant expansion into the collections industry for the investors, as Security Check was the nation’s fourth-largest check collection company prior to the transaction.
Not a single employee of the homegrown Oxford company will lose his or her job, have to move, or experience a change in pay or benefits after the transaction.
“In fact, the employees will work in the same building and be employed by a larger company,” said William Alias Jr., an executive member of Security Holdings, LLC, a leader in debt collection and credit card processing.
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read entire article on Press Register
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