News Column

BRIEF: Citrus Heights repo firm purchased by Nashville company

February 25, 2014

By Mark Glover, The Sacramento Bee



Feb. 25--Nashville-based Primeritus Financial Services Inc., a company specializing in auto repossession management, skip tracing and remarketing services, says it has acquired Repo Remarketing in Citrus Heights.

The deal included Primeritus acquiring "Find Track Locate," Repo Remarketing's skip-tracing unit.

Financial terms of the transaction were not disclosed.

Repo Remarketing was founded in 1998 by Lance Gartner. Primeritus said Gartner will remain president of Repo Remarketing, and the company's 26 employees will relocate to PFS' offices in El Dorado Hills.

"By aligning with Primeritus, the leading recovery management company in the country, our many partners will benefit from their deep industry resources," Gartner said.

------

___

(c)2014 The Sacramento Bee (Sacramento, Calif.)

Visit The Sacramento Bee (Sacramento, Calif.) at www.sacbee.com

Distributed by MCT Information Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Sacramento Bee (CA)


Story Tools