Primeritus Financial Services buys Roquemore

Primeritus Financial Services, a portfolio company of Kinderhook Industries LLC, has acquired Roquemore Holdings LLC. Financial terms weren’t announced. Dallas-based Roquemore provides vehicle skip tracing services and repossession management to the credit union and collateral protection industries. Monroe Moxness Berg PA provided legal advice to Primeritus.

PRESS RELEASE

New York, NY – Primeritus Financial Services (“Primeritus” or the “Company”), a portfolio company of Kinderhook Industries LLC (“Kinderhook”), announced today the acquisition of Roquemore Holdings, LLC (“Roquemore”), a vehicle skip tracing and repossession management firm. Roquemore represents the fifth acquisition on the Primeritus platform and Kinderhook’s 33rd automotive related transaction. Financial terms of the transaction were not disclosed.

Based in Nashville, TN, Primeritus is a national provider of repossession management, remarketing, title services and skip tracing services to the auto finance industry. Primeritus serves as a value-added partner for clients that seek to outsource the non-core business functions of the collateral recovery process.

Headquartered in Dallas, TX, Roquemore is the leading provider of vehicle skip tracing services and repossession management to the credit union and collateral protection industries.

“Roquemore has an excellent reputation in the market. A reputation that is built on the foundation of exceptional customer service to its clients. Primeritus is excited to have the opportunity to work with the Roquemore team going forward and continue providing industry leading services to our clients. We welcome the entire Roquemore team and their clients into the Primeritus family,” said Scott Peters, President and CEO of Primeritus.

“The acquisition of Roquemore continues Primeritus’ buy-and-build strategy and further positions Primeritus as the leading provider of repossession management services in the U.S.,” stated Paul Cifelli, Managing Director at Kinderhook Industries. “Both companies have a reputation for delivering a high level of service that their partners have come to expect and we look forward to continuing to support Primeritus in achieving its’ growth objectives.”

“The acquisition of Roquemore represents our continued commitment to be the best and largest service provider in the recovery management, skip tracing, and remarketing industry,” said Chuck Tapp, a Director of Primeritus. “We look forward to continuing to work to drive innovation, compliance and efficiency for both Primeritus’ and Roquemore’s clients.”

“Primeritus and Roquemore both have a high regard for compliance, high quality services, and top customer satisfaction,” said Mike Postlethwait, President of Roquemore. “We look forward to a bright future together.”

Monroe Moxness Berg PA served as legal counsel to Primeritus.

About Kinderhook Industries

Founded in 2003, Kinderhook Industries is a private equity firm with over $1.25 billion of committed capital and an investment philosophy based on combining senior management and operating experience in a variety of industries with the financial and investment know-how of private equity professionals. Kinderhook primarily makes control investments in companies in which the firm can achieve significant financial, operational and growth improvements. The firm targets orphaned non-core subsidiaries of corporate parents, existing small capitalization public companies lacking institutional support and management-led recapitalizations of entrepreneur-owned companies. By providing access to capital, strategic advice and an extensive network of relationships, Kinderhook Industries has a history of successfully building privately held firms in partnership with management. For more information please visit: www.kinderhook.com

About Primeritus Financial Services

Primeritus Financial Services is a national provider of repossession management, remarketing, title services and skip tracing services to the auto finance industry in the U.S. and Puerto Rico. Primeritus Financial Services provides clients with value-added, outsourced repossession management and skip tracing services, leveraging a national network of certified agents and unique investigative techniques to quickly and reliably secure customers’ collateral. Through leadership, service and performance, Primeritus Financial Services offer the trifecta of repossession services: locate, recover and remarket. For more information on Primeritus Financial Services, please visit www.primeritus.com

About Roquemore

Roquemore is an advanced technology company, applying process and professionalism to the complex business of skiptracing. Our unrivaled success is built on innovation, adaptability and a commitment to provide the best results to our valued lenders every single day. Through the strict application of our processes we are able to achieve superior recovery rates in the industry. For more information on Roquemore, please visit www.roquemore.com