Philadelphia, PA – July 1, 2019 – Corporate Advisory Solutions (CAS) is pleased to announce its most recent transaction within the Commercial Accounts Receivable Management (ARM) sector. CAS served as the exclusive M&A advisor to Windham Professionals, Inc. (WPI) in its acquisition of Allen, Maxwell & Silver, Inc. (AMS). This is the second acquisition CAS has advised WPI on during the past 12 months.

Windham will continue to operate AMS, a recognized leader in the commercial receivables management sector, from AMS’ Fair Lawn, NJ office, supported by WPI’s existing five centers of excellence.

Merging AMS into Windham allows both family-owned companies to continue providing clients with superior service supported by increased infrastructure and robust technology, strengthening our commitment to delivering best-in-class receivables management services to our clients,” said Windham’s Executive Chairman & President, Erin Zaldastani. "The tenured, highly regarded employees of AMS are recognized leaders in the commercial receivables management sector. We are excited to welcome them into the Windham family."

"We are pleased to begin this new partnership with Windham,” said Lisa Freidman, Senior Vice President, AMS Business Division of Windham. “We firmly believe this transaction will enhance the services and capabilities we are able to provide our clients, especially with Windham’s investment in compliance and technology."

Michael Lamm, Co-Founder and Managing Partner of CAS, added, "I have gotten to know the management teams at WPI and AMS during my tenure in the ARM market and find a high level of synergistic and cultural fit between these two companies. Both are highly regarded in the ARM industry by peers and clients alike. We strongly believe the combined entity will be an influential leader in the ARM sector for years to come."

CAS continues to observe elevated levels of M&A activity among companies with proven expertise in a particular market segment, such as AMS’ strong reputation in the commercial receivables management sector. We expect this trend to continue as strategic acquirers augment organic growth with companies exhibiting a reputation as market leaders in high-growth market segments.

To schedule a meeting to discuss your confidential business interests please contact Elaine Rowley at 240-235-6008 or

This transaction strengthens CAS' position as a leading provider of M&A advisory services within the ARM sector and, more broadly, in the tech-enabled Outsourced Business Services (OBS) sector. Click on CAS Insights for a link to CAS’ recently published quarterly newsletter highlighting deal activity and macroeconomic trends within OBS.

Corporate Advisory Solutions advised Windham on the transaction. Edgewood Capital, Inc. advised Allen, Maxwell & Silver.

About Corporate Advisory Solutions (CAS)
CAS is a merchant bank based in Philadelphia and Washington, D.C., specializing in M&A, and strategic advisory for the tech-enabled Outsourced Business Services (OBS) sector. Our core markets include Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), and Customer Relationship Management (CRM). The CAS team brings over 25 years of combined M&A, valuation and strategic advisory experience to every engagement. CAS team members have successfully completed over 100 transactions representing more than $2 billion in deal value within these core markets. Visit our website Corporate Advisory Solutions.

Certain members of CAS are registered with and securities transactions conducted through StillPoint Capital, LLC, Tampa, FL.

About Windham Professionals, Inc.
Windham is a nationally recognized 35+-year-old family-owned financial recovery solutions business, headquartered in Salem, NH, that has successfully grown to six offices throughout the United States. Windham provides accounts receivable management and customer care & retention services to blue chip and small business in the higher education, business services, healthcare, insurance and government, among other market segments. WPI utilizes a multitude of compliance-focused, data driven solutions to provide unparalleled customer service and increase recovery rates for its client base.

About Allen, Maxwell & Silver, Inc.
Headquartered in Fair Lawn, NJ, since 1992, AMS has delivered professional, highly effective results to its clients. As a leader in Commercial Accounts Receivable Management, AMS provides traditional Third Party Receivables Management and Outsourcing Customer Service Representation, acting as an extension of clients’ Accounts Receivable Departmenst. AMS’ partnership approach, rapid collection and ability to preserve relationships form the cornerstone of its commitment to excellence.


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