NASHVILLE — Primeritus Financial Services Inc. has acquired El Dorado, Calif.-based The M. Davis Company Inc., a provider of repossession management, skip tracing, transport and vehicle remarking services through its USA Recovery and Skip Masters divisions.
Details related to the sale were not made available, but officials with Primeritus said Matt Davis, CEO of The M. Davis Co., will be retained as COO.
"We are excited to welcome Matt and his team into the Primeritus family," remarked Chuck Tapp, CEO of Primeritus. "Matt Davis has built a first-rate organization. Both USA Recovery and Skip Masters have earned an outstanding reputation for client service and integrity in the automotive finance community. The combined entities will further enhance the service offerings and options for both our automotive and non-automotive finance clients."