Transworld Systems Inc. Acquires Altisource Portfolio Solutions S.A.'s Financial Services Business
March 29, 2019
Transworld Systems Inc. (TSI) agreed to acquire Altisource Portfolio Solutions S.A.'s Financial Services business, including Nationwide Credit, Inc. (NCI), for $44 million. The deal (a carve-out/divestiture) expands TSI's accounts receivable management and customer-relationship-management capabilities and grows its global operations (U.S., India, Philippines), adding approximately 2,300 employees.
- Buyers
- Transworld Systems Inc. (TSI)
- Targets
- Altisource Financial Services business, Nationwide Credit, Inc. (NCI)
- Sellers
- Altisource Portfolio Solutions S.A. (subsidiaries)
- Industry
- Professional Services
- Location
- Arizona, United States
- Transaction Type
- Buyout
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