BCW Group has acquired utilities debt collection firm Utility Management Services (UMS) for an undisclosed sum.
The deal sees debt collection agency BCW Group take on a field force specialising in utility collections, making it the first UK firm to provide both field collection and final collection services to utility providers.
UMS, which was acquired from infrastructure support services firm EnServe, has 50 full-time employees and a further 200 self-employed agents across England, Scotland and Wales.
BCW Group currently acts for all of the UK’s ‘big six’ energy companies, and the three leading energy companies in Ireland.
Bryan Mouat, managing director of BCW Group, said the UMS branding would be retained for the immediate future, with BCW also gearing up to introduce a field force into the Republic of Ireland.
Mouat said: “This deal is a direct response to a growing desire for clients to outsource their debt collection processes in entirety to a single supplier.
“We have been actively monitoring the field-based sector for a number of years and felt that now was the ideal time to join forces with a top class field-services business.”
UMS, based in Warrington, North-West England, has the largest market share for its services in the energy industry, and it expected to generate revenues above £5m in 2012.
Andrew Bradshaw, managing director of UMS, added: “By combining the skills and knowledge we have developed over the last 15 years, we will deliver significantly increased added-value to our existing clients whilst developing new and exciting servicing propositions for prospective clients.”
BCW Group was advised on the deal by MacRoberts LLP. EnServe received corporate finance advice from Deloitte and legal advice from Schofield Sweeney.
Published 3 February 2012