Primeritus Purchases USA Recovery & Skip Masters

June 20, 2012

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NASHVILLE, Tenn. — Primeritus Financial Services revealed earlier this week that it has acquired The M. Davis Co. Inc., which is the California-based company that includes USA Recovery and Skip Masters.

Explaining more about The M. Davis Co. officials noted that the company — located in El Dorado Hills, Calif. — is a full-service firm that offers national repossession management, skip tracing, transport and vehicle remarketing services via the USA Recovery and Skip Masters divisions.

Chief executive officer Matt Davis has taken on a position with Primeritus' management team as chief operating officer.

"We are excited to welcome Matt and his team into the Primeritus family," said Chuck Tapp, chief executive officer of Primeritus. "Matt Davis has built a first-rate organization. Both USA Recovery and Skip Masters have earned an outstanding reputation for client service and integrity in the automotive finance community. The combined entities will further enhance the service offerings and options for both our automotive and non-automotive finance clients."

Davis added, "My team and I are extremely excited to join with Primeritus to build the pre-eminent national indirect repossession management and skip tracing company in the U.S. Based on a foundation of exceptional customer service and performance, the combination with Primeritus puts us on a track to accelerate our growth strategy and goals."

Cam Hitchcock, chairman of Primeritus, chimed in, noting, "the acquisition of M. Davis Co. is the next step in Primeritus' strategy to build the leading national recovery services and skip tracing platform for our finance clients. Further, we continue to actively seek additional acquisitions to further broaden our platform and service offering."

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