United Recovery Systems Names New President/CEO

United Recovery Systems, a portfolio company of Audax Private Equity, said Tuesday that it has named Kevin Keleghan as president and CEO, effective July 15. Keleghan will be succeeding Jim Kelleher who retired July 12. However, Kelleher will continue to serve as an active board member at URS. Headquartered in Houston, Texas, URS is a leading provider of receivables management services.

PRESS RELEASE

HOUSTON–(BUSINESS WIRE)–United Recovery Systems (“URS”), a portfolio company of Audax Private Equity (“Audax”), today announced the appointment of Kevin Keleghan as President and Chief Executive Officer, effective July 15th. After more than 30 years as president of URS, Jim Kelleher has retired from active management, effective July 12th. Mr. Kelleher will continue to serve as an active board member at URS.
Headquartered in Houston, Texas, URS is a leading provider of receivables management services with offices in Texas, Oklahoma, Arizona, Illinois, and Kentucky. URS’ solutions cover early-stage pre-charge off and post-charge off receivables for the credit card, retail, and auto loan industries, as well as the healthcare and education markets.
Mr. Keleghan has extensive experience in all aspects of the credit and collections industry from both the issuer and agency sides of the business. Most recently, he served as CEO of APAC Customer Services, Inc., a provider of outsourced contact centers and customer service. Prior to that, Mr. Keleghan held several leadership positions in the ARM industry including serving as President and CEO of Outsourcing Solutions, Inc. (“OSI”).
Young Lee, Managing Director of Audax Group, said, “Kevin’s longstanding commitment to this industry makes him a natural addition to the URS team. This is an exciting development for URS as we continue to grow the company.”
Kevin Keleghan said, “I am excited to join the URS team. URS is a best in class provider of receivables management services, and I look forward to leading the company as we continue to pursue acquisition opportunities in existing and new geographies and end markets.”
Jim Kelleher said, “Kevin’s experience and successful track record of working in the credit and collections industry make him a great addition to URS. I look forward to working with Kevin through this transition and in my continuing role on the Board of Directors.”
ABOUT AUDAX GROUP
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.