Mercantile Adjustment Bureau Gets New Majority Owner

Mercantile Adjustment Bureau, LLC, is pleased to announce that Fred Hanania Sr. is the new majority owner and CEO of the Company.  This was facilitated through Hanania’s purchase of Jeff Miller’s, former Mercantile CEO and Majority owner, shares in the Company.  Continuing on with Hanania Sr., is the Company’s executive leadership, Bruce Gray, Lance DellaMea and Pam Brewer, Mercantile’s President, COO and CFO, respectively.

In addition to Hanania Sr. being a long term minority owner, investor and advocate of Mercantile, he is a very successful entrepreneur, businessman, philanthropist and highly respected individual throughout the Western New York community.

“I am very excited for the opportunity to have made this majority purchase in Mercantile and I look forward to closely working with Bruce Gray, our President; Lance DellaMea, our COO and Pam Brewer, our CFO, toward the continued growth and success of the Company,” said Hanania Sr.  “We have one of the very finest and experienced management teams in the Industry and our unwavering commitment to our client partners and employees remains unchanged.”

“We are very appreciative of Fred’s continued commitment to Mercantile and excited for the opportunity to work closely with a person of his caliber and integrity.  Fred’s new role with the Company further strengthens our ability to be a valued-added partner to our existing and prospective client partners,” said Gray.

Mercantile Adjustment Bureau, LLC is a Buffalo based full service accounts receivable management and customer care company, providing third and first-party outbound and inbound call solutions, account handling and specialty services, with offices in Rochester NY.  Their client base includes banks, financial institutions, retailers, debt buyers, colleges and universities, utilities, healthcare providers, telecommunication and multi-media companies.