Debt / Collections Recovery - Established, Growing - $10M Top Line

This business is headquartered in Austin. It is an established, successful and growing Debt Recovery business. The Company currently serves clients in all of Texas and a few other states. The Company has grown year over year for the past 4 years. Revenue was $7.7M in 2019, $8.8M in 2020, and is on pace for $10M in 2021. Adjusted EBITDA (or SDE) is expected to be $1.22M in 2021. 2020 was $790k. The business was founded many years ago. It is a third-party debt collection agency primarily serving the healthcare and utility industries. As a B2B business, its clients are medical and dental practices, healthcare billing companies, regional medical centers, electric and water utility providers including municipalities and cooperatives, and ambulance services. The business is an ideal purchase for an individual or a strategic add-on with experience in the space. Location: Austin, Texas Number of Employees: 20 Real Estate: Leased Facilities: Large office suite in west-central Austin with an easy commute. Market Outlook/ Competition: A growing industry in a growing city in a favorable regulatory market with declining competition. Growth & Expansion: The business can be a stand-alone with growth in other markets in Texas or other states. It is also an ideal add-on as a strategic acquisition.