Transworld Systems Inc. has acquired EOS North America to enhance its first-party collections business and expand its presence into the Canadian market.

Target Information

Transworld Systems Inc. (TSI), a prominent player in the United States accounts receivable management (ARM) sector, has successfully acquired EOS North America, a reputable agency specializing in first- and third-party collection services. EOS North America supports a diverse clientele, including government bodies, financial institutions, healthcare providers, telecommunication companies, and utility services in both the United States and Canada. The terms of the transaction have not been publicly disclosed.

Established in 1991 as the Collection Company of America, EOS North America has experienced significant growth and has evolved into a leading agency handling various stages of receivables management. In 2001, it became the U.S. arm of the EOS Group, which operates globally in accounts receivables collection and financial services. It's important to note that US Asset Management Inc., which specializes in acquiring distressed consumer receivables, will remain separate and continue under EOS Group ownership.

Industry Overview

The accounts receivable management industry in the United States is a vital component of the financial services sector, responsible for the management and collection of debts owed by individuals a