Daily News: June 22, 2012

Magazine Names SquareTwo Financial Canada Fastest Growing Company


SquareTwo Financial, a provider in the $100 billion asset recovery and management industry, announced that the company’s Canadian subsidiary SquareTwo Financial Canada has been ranked 31st in the annual PROFIT 200 ranking of Canada’s Fastest-Growing Companies by PROFIT Magazine.

Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country’s most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada’s largest annual celebration of entrepreneurial achievement.

SquareTwo Financial Canada is based in Toronto and provides asset recovery and management services that help Canadian banks and credit card companies liquidate distressed assets. Over the past five years, SquareTwo Financial Canada has increased revenue more than 1200% and increased servicing levels in Canada by 46%.

“We have a talented and hardworking team in our SquareTwo Financial Canada office and I am pleased to see their efforts pay off by being named one of Canada’s fastest-growing companies,” said Paul A. Larkins, president and CEO of SquareTwo Financial. “SquareTwo Financial Canada is an important part of the overall SquareTwo Financial organization, and this team is helping a lot of Canadian companies turn their distressed assets back to black on their balance sheets.”

“The PROFIT 200 companies are an inspiration to Canadian entrepreneurs and would-be entrepreneurs,” says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. “PROFIT is proud to celebrate the success of these businesspeople, who, despite a challenging economy, have achieved outstanding success in a wide variety of fields.”

“The PROFIT 200 is a well-known and highly regarded ranking of Canadian companies and we’re honored to be included on this year’s list with some of the country’s most-respected entrepreneurs and organizations,” said Christopher Walker, president and CEO of SquareTwo Financial Canada. “We look forward to continued growth – both in revenue and employment- in the coming months and years.”