Primeritus Financial Services Acquires USA Recovery and Skip Masters

NASHVILLE, and EL DORADO HILLS, Calif., June 18, 2012 /PRNewswire/ -- Primeritus Financial Services, Inc., announces their acquisition of  The M. Davis Company, Inc.

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"We are excited to welcome Matt and his team into the Primeritus family," remarked Chuck Tapp, CEO 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." 

Based in El Dorado Hills, CA, The M. Davis Co. is a full service, national provider of repossession management, skip tracing, transport and vehicle remarketing services through its USA Recovery and Skip Masters divisions.  Matt Davis, CEO of the M. Davis Co., has partnered with Primeritus' management team in an operational and executive leadership position as Chief Operating Officer.

"My team and I are extremely excited to join with Primeritus to build the preeminent national indirect repossession management and skip tracing company in the U.S," commented Matt Davis.  "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, remarked "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."

About Primeritus Financial Services:

Primeritus is a national provider of repossession management, remarketing, title services and skip tracing services to the auto finance industry in the U.S. Primeritus serves as a value-added partner for clients that seek to outsource the non-core business functions of the collateral recovery process as well as supplement their existing recovery efforts.   www.primeritus.com

About The M. Davis Company:

The M. Davis Company is a full service, national provider of repossession management, skip tracing, transport and vehicle remarketing services.  The company operates primarily through its USA Recovery, Skip Masters, USA Transport and USA Remarketing business units and serves a broad spectrum of leading US automotive lending clients.  www.mdavisusa.com

SOURCE Primeritus Financial Services, Inc.