About Enhanced Recovery Company
Enhanced Recovery Company (ERC) is a rapidly-growing provider of Accounts Receivable Management and debt collection services to a broad range of customers primarily in the financial services, retail, telecommunications and media industries. With three call centers, the Company operates an extremely diversified business model by servicing the entire spectrum of the accounts receivable life cycle, ranging from pre-charge off to extremely aged accounts for 40+ customers.
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Latest Enhanced Recovery Company News
Mar 5, 2015
CHICAGO, IL--(Marketwired - March 05, 2015) - Lincoln International LLC ("Lincoln International"), a leading global mid-market investment bank, announced today the successful completion of a financing for Enhanced Recovery Company, LLC ("ERC" or the "Company"), a portfolio company of RLJ Equity Partners, LLC ("RLJ"). ERC is a leading provider of customer experience management services, including business process outsourcing and accounts receivable management services. Lincoln International acted as the exclusive financial advisor to RLJ and ERC and completed the placement of an undisclosed amount of senior secured debt financing provided by Crescent Capital Group LP. Proceeds from the transaction were used to refinance existing indebtedness and to support ERC's strategic growth plan, as well as to fund the Company's ongoing working capital requirements. As ERC's exclusive financial advisor, Lincoln International worked closely with RLJ and ERC's management team to structure, arrange and negotiate the financing. Rufus Rivers, Managing Partner of RLJ, commented, "Lincoln executed a very high quality financing process, exploring multiple structural options and assisting us in securing an excellent partner to provide support for ERC's continued growth and development. By outsourcing the financing process, we were able to optimize ERC's capital structure while enabling ERC's management team to continue focusing on the Company's key initiatives, such as penetrating additional end-markets and exploring potential add-on acquisitions. " About ERC Based in Jacksonville, Florida, ERC is a leading provider of customer experience management services, including business process outsourcing and accounts receivable management services, to Fortune 500 companies operating in a variety of industries, including the financial services, telecommunications, utilities and student loan markets, among others. For more information on ERC, please visit www.erccollections.com . About RLJ Equity Partners RLJ Equity Partners is a middle-market private equity firm focused on generating long-term capital appreciation by investing in profitable and growing businesses led by strong management teams. Founded in 2006 by Robert L. Johnson in partnership with The Carlyle Group, RLJ originates, structures and invests in traditional buy-outs, recapitalization and growth capital infusions. RLJ Equity Partners is a portfolio company of The RLJ Companies. For more information on RLJ, please visit www.rljequitypartners.com . About Lincoln International Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com .
Enhanced Recovery Company Frequently Asked Questions (FAQ)
Where is Enhanced Recovery Company's headquarters?
Enhanced Recovery Company's headquarters is located at 8014 Bayberry Road, Jacksonville.
What is Enhanced Recovery Company's latest funding round?
Enhanced Recovery Company's latest funding round is Loan.
How much did Enhanced Recovery Company raise?
Enhanced Recovery Company raised a total of $7.5M.
Who are the investors of Enhanced Recovery Company?
Investors of Enhanced Recovery Company include Paycheck Protection Program, Brookside Mezzanine Partners, Crescent Capital Group and RLJ Equity Partners.
Who are Enhanced Recovery Company's competitors?
Competitors of Enhanced Recovery Company include Apruve, M1xchange, Peakflo, Tesorio, DadeSystems and 14 more.
Compare Enhanced Recovery Company to Competitors
Funding Gates is a smart accounts receivable manager on track to transform business credit by allowing small- and medium-sized businesses to spend less time chasing down customers and more time finding new ones. The platform allows business owners to analyze customer history, generate smarter interactive aging reports, and prioritize late-paying customers with a few easy clicks. Receivables management is often costly and inefficient for small businesses, but Funding Gates wants to make collections the easiest part of running a business.
M1xchange is a holder of the TReDS (Trade Receivables Discounting System) licenses issued by the Reserve Bank of India. The technology platform acts as an exchange to facilitate the financing of trade receivables of micro, small and medium enterprises from corporate buyers through factoring or invoice discounting by external financiers. It focuses on ensuring seamless liquidity flow between all stakeholders, providing bill discounting, and more. It was founded in 2002 and is based in Gurgaon, India.
Professional specializes in accounts receivable management services offering two dedicated service lines: Professional Credit collections, and Ensource, scalable revenue cycle solutions.
Transworld Systems provides accounts receivable management, debt collections, and loan servicing solutions. The company's global operations are powered by its proprietary data analytics and best-in-class compliance management system.
CollBox is focused on the accounts receivable process. The CollBox platform automates the collection process by connecting to existing cloud accounting software, identifying delinquent accounts, and instantly pairing that debt with collection agencies.
Factcil provides liquidity to users by purchasing their collection accounts and anticipates the payment of accounts receivable or collection accounts quickly.
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