"We and our employees are obviously ecstatic to have VLV merge with a nationally recognized best in class organization such as FHC"
North Andover, MA (PRWEB) September 07, 2011
F.H. Cann and Associates Inc. (FHC), a nationally recognized industry leader in collections and receivables optimization, announced today the launching of their new commercial division with the strategic acquisition of Salem NH based collection agency, VLV Vantage Point.
VLV Vantage Point is regarded as an industry expert providing commercial line of business centric services such as default aversion, post default recovery, and heavy equipment and vehicle repossessions. VLV Vantage Point additionally boasts a robust student loan centric portfolio while working on behalf of many prestigious colleges and universities.
Walter Steele, FHC COO stated, “We at FHC are incredibly excited about the acquisition of VLV. Adding VLV to the FHC organizational umbrella provides our company a turnkey top performing commercial division stocked with true professionals to complement our existing core. The fact that VLV also possesses a healthy student loan division that will blend seamlessly with the foundation on which FHC was initially built, only added additional value to the deal. Coupled with FHC’s already strong organic growth, this acquisition, and its timing, fit perfectly into our overall strategic business development plan.”
Joe Barnes, CEO of VLV added, “We and our employees are obviously ecstatic to have VLV merge with a nationally recognized best in class organization such as FHC. VLV’s employees and clients alike will now directly benefit from the incredible resources, both human and technology wise, of FHC. The analytics and recovery optimization methods employed by FHC are absolutely incredible. What FHC does behind the scenes to maximize performance of their client portfolios is unlike anything I have ever seen, and I have been in this industry over 20 years. To say that we are excited about this deal would be the understatement of the year.”
Frank Cann Jr, President and CEO of FHC concluded, “The acquisition of VLV was one of the easiest decisions of my career. Our familiarity with their operations and personnel, coupled with the fact that their organization shares the same core values founded in performance and professionalism made this an easy deal to put together. It was apparent early on in the discussions how much sense this acquisition made on both sides of the table. Adding such an incredibly talented core of people to our existing staff of professionals made perfect sense on multiple levels.”
F.H. Cann and Associates Inc. is a nationally licensed debt collection and receivables optimization firm that is based in North Andover MA. F.H. Cann and Associates specialize in Student Loan, Banking, Municipal, and Commercial debt verticals.
For further information please send inquires to info(at)fhcann(dot)com