American InfoSource Acquires Bankruptcy Servicing Business from Encore Capital Group

American InfoSource LP announced the acquisition of substantially all of the assets of Ascension Capital Group, Inc., a subsidiary of Encore Capital Group, Inc. ACG is a leader in secured bankruptcy servicing, and litigation management for the financial services industry.  The financial terms of the deal were not disclosed.

With AIS’ success in the unsecured market, and ACG’s achievements in the secured space, this acquisition capitalizes on the core strengths of each organization and creates the most comprehensive bankruptcy servicing platform in the industry.

“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, American InfoSource. “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.”

The Ascension platform provides American InfoSource the operational and legal resources needed to offer best-in-class portfolio servicing to secured lenders. American InfoSource currently performs unsecured bankruptcy functions for many of the largest financial institutions in the country.

“This truly is a game changer for American InfoSource,” Hogan said. “We are now uniquely positioned to execute servicing agreements on both secured and unsecured portfolios in an effective, compliant and profitable manner for our clients.”