Firstsource Solutions - Acquires American Recovery Service, Completes Loan-To-Legal Value Chain: Dolat Capital
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Dolat Capital Report
Firstsource Solutions Ltd. has announced and completed the acquisition of American Recovery Service Incorporated (ARSI), headquartered in Southern California based legal collection service provider, for $53 million cash (including earnouts) on December 29, 2021.
ARSI provides legal collection services to leading banking and financial services and fintech clients in the U.S., and this aspect is the last leg in the collections services when the debt becomes difficult to collect on tele-con and legal action needs to be initiated.
Thus, with this Firstsource Solutions can act as one-stop shop for its banking financial services/fintech clients to provide support on the core value chain right from origination, servicing, refinance, collections and now legal action.
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