AIS hopes to combine its experience dealing with unsecured portfolios with ACG's history of secured bankruptcy servicing to create a more comprehensive bankruptcy servicing platform. The acquisition will give AIS the legal and operational resources necessary to offer servicing to secured lenders.
""American InfoSource is excited about this expansion and the acquisition of the talent and expertise at Ascension. ACG offers a secured bankruptcy solution which is an ideal complement to our current business,"" said Blake Hogan, president of AIS. ""By blending their expertise with our bankruptcy data, servicing technology and brand protection programs, we have solidified our position as the leading servicer of consumer bankruptcy debt.""
AIS is a Houston-based global financial services company that specializes in the fields of bankruptcy, estate, and debt settlement. ACG is an Arlington, Texas-based firm that manages secured bankrupt accounts for lenders.