Local firm grows on others' debts
Article Abstract:
NCO Group Inc. (Fort Washington, PA) is the second largest debt collection company in the world with offices in the U.S., Canada, and the U.K. The company uses computerized dialing systems to call people with overdue payments to credit cards, hospitals, and lending institutions. NCO went public two years ago, and has been actively acquiring other companies to keep expanding. Since the federal government expects consumer debt to continue rising, NCO expects to find an increase need for its services. As a result of acquisitions, the company expects to grow by 35 percent. NCO also offers its services to companies that wish to outsource their collection activities.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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Trevose firm not deterred by management transition
Article Abstract:
Technitrol Inc. is undergoing a transition in its management levels as Thomas Flakoll submitted his resignation as the company's chief executive during the week of January 10-16, 1999. However, Technitrol is still seeking new acquisitions and selling lower-margin products. For the fiscal 1998 year, the company posted a 13% increase in earnings to $448.5 million. During 1997, Technitrol posted $397.1 million.
Comment:
Co continues to seek new acquisitions despite management transition
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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No honeymoon for David's
Article Abstract:
Ardmore based David's Bridal Inc.'s initial public offering sold 8 million shares at $13 a share for $104 million. The company expected to sell shares at $14.50 to $16.50 each. Cofounder Steven Erlbaum will remain as chairman with a 9 percent share of the company. Robert Huth will become the CEO.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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