Debt Buying Executives Create a Strategic Partnership Through Merger

Irvine, CA  –  George Terzi, President & CEO of  GT Services, Inc. (GT Services) and Robert Knight, President & CEO of Capstone Portfolio Management, Inc. (Capstone) have merged to create Icon Equities, LLC  (Icon Equities). 

Co-founded by George Terzi and Robert Knight, this new asset buying entity in the account receivable management (ARM) industry represents a combined 30 plus years of experience buying, selling and managing non-performing receivables.  Icon Equities will be headquartered in Irvine, CA with a new operations center opening in the greater Minneapolis, MN area.    During the transition, the new entity will continue to use GT Services for certain transactions until Icon Equities becomes an approved buyer with selling entities.

Icon Equities will focus on the acquisition of national non-performing charged-off receivables.  In addition to these national purchases, Icon Equities will deploy resources for the purchasing of accounts from creditors and debt buyers that are enrolled or that have been enrolled in “for profit” debt settlement programs or are in a cease and desist status.  As a result of focusing on the debt settlement industry, Icon Equities has identified areas where its’ expertise affords operational efficiencies over current labor intensive liquidation strategies used by creditors and debt buyers.

Through strategic partnerships, Icon Equities has been able to obtain a cost effective solution for servicing these types of accounts.

“We are excited about the opportunities to purchase debt in the current environment” stated George Terzi, Managing Partner. “Recognizing the current economic conditions, we see an opportunity to utilize our expertise and provide asset sellers with a premium for their debt.”

Based in Irvine, CA, Icon Equities, LLC is a national asset management company that purchases, sells and manages non-performing receivables.  For additional information, contact Robert Knight or George Terzi.