Audax's Debt Collection Unit Buys Asset Recovery Co.

Law360, New York (November 2, 2011, 3:32 PM EDT) -- Audax Group's debt collection business United Recovery Systems LP has purchased another asset recoverer, Plaza Recovery Inc., for an undisclosed sum in a bid to expand the operation overseas, the Boston private equity firm announced Wednesday.

The purchase marked the first add-on acquisition for Houston-based URS and will allow it to expand internationally as well as into the health care and late-stage credit card end markets, according to Audax, which bought URS in 2008.

“URS is a leading contingency debt collection provider with a stable customer...
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