Cadex Solutions, in partnership with Trivest Partners, acquired Receivables Control Corporation (RCC), a global commercial debt recovery company. The RCC acquisition aims to expand Cadex’s capabilities and enhance its client portfolio, financial performance and operational excellence in third-party commercial collections and asset liquidations within the company’s order-to-cash service offering.
“I have been blessed to work with the most energetic and loyal group of people at RCC for over 40 years, so entrusting someone with my team and company was emotionally and psychologically challenging, to say the least,” Luke Vidor, president and CEO of RCC, said. “Cadex’s CEO, John Fisher, is someone I have known for 20 years, so I was able to have frank discussions about the continued growth opportunities presented to RCC as part of Cadex. I needed to find a well-respected and well-managed buyer who aligned with RCC’s values. I found that with Cadex and Trivest, and I could not be more excited about the future of the RCC team!”
“We are pleased to welcome RCC to Cadex and Trivest,” Forest Wester, managing partner at Trivest, said. “Luke’s organizational stewardship and the RCC team’s talent created the premier commercial collection agency in the U.S. It has been a pleasure working with Luke to help him realize his goals for RCC and its employees, including the second generation of Vidors who are helping to lead the company.”
“We are ecstatic to join forces with RCC, and I am privileged to have the opportunity to work with such a talented organization. Their unparalleled expertise, industry-leading practices, and passion for client recovery results will greatly enhance the depth of Cadex’s service offering,” John Fisher, CEO of Cadex, said. “Luke, the RCC leadership team, and I are also excited to offer their clients an expanded service offering, including global service delivery in collections, digital transformation capabilities, AI/ML and order-to-cash outsourcing. Given the subject matter expertise of the RCC team, this transaction is a force multiplier for Cadex. The sky is the limit for what we can achieve for our clients worldwide!”
