California Collection Agency Acquires California Collection Agency

Published on:
13 August 2008 at 05:25 a.m. ET

Written by: Press Release –

http://www.insidearm.com/news/00017197-california-collection-agency-acquires-cal/

Fidelity Capital Holdings, Inc. today announced the acquisition of Metropolitan Adjustment Bureau (MAB), a Woodland Hills, California-based collection agency.

“I started my career at Metropolitan in 1977 and it means a great deal to me to now have MAB as part of our Fidelity family,” commented Walt Carleton, Chairman of Fidelity. “MAB is a great fit with Fidelity on many levels and we are anxious to realize the value associated with this opportunity.”

“This transaction represents another significant step in our growth strategy,” added Clint Sallee, Fidelity’s CEO. “We look forward to finalizing our integration and realizing the additional scale created through this transaction.”

Headquartered in Glendale, Fidelity Capital Holdings is a full service collection agency with an additional office located in Ventura, California.