Collections company Burlington Group has been acquired by judicial services group Marston Holdings for an undisclosed amount.
According a release, the rationale for the transaction was to enable Marston Holdings to offer a capability in the asset finance market segment. The company said this was an area where it had previously not had a strong presence.
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Marston said it planned to provide Burlington with access to investment technology and resources to help it grow its market share.
Marston chief executive Gareth Hughes said: "Burlington Group extends Marston Holdings’ footprint into a new, related market segment. Its expertise in motor finance recoveries offers opportunities for growth in the wider asset finance market."
The deal has been approved by the appropriate regulators.
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By GlobalData
