Bessenbacher Co. Merger
Jan 07, 2016
Two credit industry leaders, The Bessenbacher Co., headquartered in Kansas City, Missouri, and Andersen, Randall & Richards, headquartered in Tucson, Arizona have merged creating BARR Credit Services, Inc. The newly formed company, BARR Credit Services, Inc. will be a leading provider of commercial debt recovery, collections, and credit services.
Bressenbacher was founded in 1933, and is well-known in the commercial credit industry for their innovative development of industry credit groups and proprietary Inet Credit Exchange. Inet Credit Exchange provides industry trade groups with a secure and effective online resource to manage accounts receivable portfolios.
Anderson, Randall & Richards was founded in 1998, and offers sophisticated debt collections services to clients across the United States.
BARR Credit Services, headquartered in Tucson, Arizona, with regional offices in Kansas City, MO and New Orleans, LA, will service over 12,000 customers throughout the United States and in twenty countries around the world with commercial debt recovery, collections and credit services.
“We are positioned to become a worldwide leader in our industry,” said Randy Frazee, CEO of BARR Credit Services and former President and CEO of Andersen, Randall & Richards. “We have been working on this merger for the last five years. I have always respected and admired the Bessenbacher family. I am proud to be partnered with such a highly respected company.”
Jim Bessenbacher, Jr., President of BARR Credit Services, said, “We are joining two highly regarded companies, leaders in the commercial collections industry, which can build on their core strengths and develop innovative solutions to better serve our clients. This merger is creating a strong foundation for future growth.”
The combination of these two companies to form BARR Credit Services offers a broader and even more sophisticated range of credit and collection services for corporations worldwide. As part of the announcement, BARR Credit Services is also unveiling a new visual identity, logo and website.
Terms of the merger were not disclosed.