January 27, 2016
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.”
“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.