Unifund Group Announces Acquisition of First Resolution Investment Corporation

Unifund Group (Unifund) announced today it has furthered its long term growth plan with the acquisition of First Resolution Investment Corporation (FRIC).  The purchase includes all assets of FRIC, including approximately 72,000 accounts and a face value of $1B.

Founded in May 1997, FRIC has been a leader in the accounts receivable management industry for nearly two decades.  Under the leadership of President and CEO C. Tim Rodenbush, FRIC purchased over 90 portfolios.  Mr. Rodenbush has been an active and respected member of the Vancouver, B.C. business community since 1967 and has headed a number of ventures in both the Canadian and US markets focusing on debt recovery and consumer location services.

Through partnerships with strategic allies, FRIC utilized their software and systems to effectively offer pre-legal collections, administrative support services and legal services.  FRIC has maintained a long term partnership with AACA who has supported their legal collection services.

“Utilizing our affiliate, Recovery Decision Science Paymetrix AI technology, Unifund was able to analyze and find value in FRIC’s portfolio that allowed us to be the winning bidder and strategic partner on this acquisition,” said Unifund Chief Operating Officer Jason Kaster. “This acquisition is complimentary to Unifund’s legal servicing business and positions us well for 2015 and beyond.”

Unifund Group is one of the country’s leading predictive analytics companies in the distressed consumer receivables industry.  Unifund purchases and manages receivables for themselves, public and private investors. Unifund, through Recovery Decision Science, offers others an opportunity to unlock the value of their dormant judgment and receivables portfolios through their unique predictive and guaranteed asset location information.