ARM Companies NorthStar Technologies and M&P Announce Merger

Tulsa, Okla. – NorthStar Technologies, LLC a leading full service debt recovery agency headquartered in Tulsa, Oklahoma and M&P (Merchant & Professionals Collection Service) a Tulsa based collection agency have merged. Terms of the transaction were not disclosed. Eric Jenkins, a strategic business advisor, led and advised on the transaction.

For NorthStar, this merger will expand an already strong base of marquee clients in the banking, financial services, healthcare and retail markets. M&P Clients will immediately benefit from NorthStars technology driven collection platform, automated dialers, in-house letter production and a staff of IT professionals. The combined companies will employ approximately 40 people.

“We are excited to have M&P customers and employees part of the NorthStar family,” said Charlie Pilkington CEO of NorthStar. “Our advanced technology platform and services will allow M&P customers to realize a more successful debt management strategy”.

Jay Winlsow, M&P Owner, commented, “I was very impressed with NorthStar, the people, their technology and service capabilities, their reputation and forward thinking in the industry. This merger is very positive for all involved”.

For over nine years, NorthStar Technologies has been providing debt management solutions to thousands of companies nationwide. They have spent years developing advanced technology and automation with the goal of increasing liquidation rates for customers. Mr. Pilkington and his team have devised a two pronged growth strategy, organic growth and merger & acquisitions.

Eric Jenkins, advisor, added, “This transaction was ideal for both parties and leverages their collective strengths. There are hundreds of smaller collection agencies with undefined exit strategies. These firms have limited technology, are usually under capitalized and are typically owned by aging baby boomers. Northstar has established an M&A criteria and will continue to pursue opportunities”.

The combined company will operate under the NorthStar Technologies name and from the Tulsa headquarters. The transaction closed on February 18, 2011.

About NorthStar Technologies
Since 2002 NorthStar has been a leader in technology driven debt collection strategies for over 2,000 Clients nationwide. Headquartered in Tulsa Oklahoma, NorthStar develops technology based debt management strategies for Clients in financial services, banking, healthcare and retail. NorthStarʼs key executives included Charlie Pilkington, Matt Yeager and Phil Curtis. www.northstargt.com

About M&P
Founded in 1951, Merchants & Professionals Collection Service has provided debt recovery services to Clients around the lower midwest region. Specializing in banking, healthcare and retail markets and providing full service contingency and litigation services. Mr Jay Winslow acquired M&P in 2009 from Mr. David Blum.

About Eric Jenkins
Eric Jenkins is a strategic business advisor helping business owners craft and implement strategic plans. A serial entrepreneur with over 20 years of hands-on experience in designing, funding, building and growing businesses. Strategy services include exit planning, business model development, operations, sales & marketing, debt financing, equity financing, merger & acquisitions and wealth planning. www.ericwjenkins.com