RMI Consulting LLC Increases National Footprint with W.E. Shelley & Associates, Inc. Acquisition

RMI Consulting LLC (RMI), an accounts receivable management firm with offices in Houston, TX, and Philadelphia, PA has announced the acquisition of W.E. Shelley & Associates, Inc. The transaction closed on June 15, 2009.

Marc Davenport, President of RMI stated, “This transaction significantly increases RMI’s national footprint particularly within the Washington, DC – New York corridor”.

Moreover we are excited about leveraging the talent and experience of W.E. Shelley’s management, sales and recovery personnel within our organization.

As a result of this transaction, W.E. Shelley & Associates, Inc will be merged into RMI’s Philadelphia operations. Willard E Shelley will serve as Vice President & General Manager of RMI – Philadelphia.

Marc Davenport believes the W.E Shelley & Associates acquisition will position RMI to continue its stellar annual growth rate of 60%.

Mr. Davenport also suggested that RMI may be acquiring additional assets before the end of the year.

RMI is a nationally recognized accounts receivables management firm. Our primary focus is to improve cash flow, reduce daily sales outstanding (DSO) and increase the profitability of the businesses we represent.

We believe reducing the frequency and severity of your past due receivables and writeoffs is as important as finding new customers.

Our policies and procedures are built on vision, innovation, experience and a successful history. RMI will develop and implement a customized solution for the timely liquidation of your past due receivables in order to obtain immediate financial success.

Financial terms of the transaction were not disclosed.