Press Contact: Mark Russell - 240-235-6009 - [email protected]

June 10, 2019: Philadelphia, PA Corporate Advisory Solutions (CAS) is pleased to announce its most recent transaction within the Accounts Receivable Management (ARM) industry. CAS served as the exclusive M&A advisor to NCC Business Services, Inc. (NCC) in its sale to Transworld Systems Inc. (TSI). Terms of the transaction were not disclosed.

According to Ed/Irv Pollan, owners of NCC, "We are excited about the combination of NCC with TSI. As a niche market specialist in the attractive property management and multi-housing industries, NCC will help to expedite TSI’s growth into this market. TSI, with its size and technological capabilities, brings enhanced servicing and performance capabilities to NCC's client base."

Joseph Laughlin, CEO of TSI said, "We are excited to expand our property management and multi-housing business and customer base with the acquisition of NCC Business Services. We welcome the NCC Business Services employees and customers to the TSI family."

Mark Russell, Co-Founder and Managing Partner of CAS commented, "I have enjoyed working with the Pollans and helping them to achieve their business objectives. They have been members of the ARM industry for many years and are well regarded by their colleagues. By joining with TSI, they have provided their staff and clients the benefits of a greater operational and technological platform, while satisfying their personal goals. We at CAS see this a win-win transaction."

CAS has observed significant levels of renewed interest from strategic buyers like TSI, and anticipates an increase in transactions involving larger ARM companies acquiring smaller entities with niche market specializations.

This transaction strengthens CAS' position as a leading provider of M&A advisory services within the ARM sector and more broadly in the Outsourced (tech-enabled) Business Services (OBS) sector. CAS recently published its quarterly newsletter which highlights deal activity and macroeconomic trends within OBS. A link to the newsletter can be found below:

CAS Q1 2019 Newsletter CAS Insights

About CAS Corporate Advisory Solutions (CAS) is a merchant bank based in Philadelphia and Washington, D.C., specializing in M&A, and strategic advisory for the Outsourced (tech-enabled) 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, and its 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

Securities conducted through StillPoint Capital Member FINRA/SiPC, Tampa, FL.

About NCC Business Services, Inc.
NCC specializes in providing collection solutions for the property management and multi-housing industries. NCC has approximately 80 employees and is based in Jacksonville, Florida.

About Transworld Systems, Inc.
TSI is the leading provider of outsourced accounts receivable management, healthcare revenue cycle management, customer relationship management, and loan servicing solutions. TSI uses proprietary predictive analytics to collect on consumer and business debt to help its clients accelerate cash flow and improve operational efficiency. TSI's clients include Fortune 100 corporations, hospitals, financial institutions, governmental organizations, and small businesses.

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