We have verified, what started as a rumor, that Location Services, formerly known as Pathfinder Services, has acquired Minnesota based Repo Inc., and recently created, “Redline Adjusters”, who had merged in April 2018 combining Digital Dog Auto Recovery of California, CARS Recovery of California, and American Recovery Specialists of Florida.
Repo Inc., LLC, has physical presence in ten states as well as their nationwide network of affiliate agencies and creates a much larger national footprint. These acquisitions have virtually overnight, created the largest repossession company in the nation.
Location Services has recently been making many moves in the repossession and remarketing world including their acquisition of MOXKOR, formerly Remarketing of America, their exclusive partnership with Allied Solutions, one of the largest providers of insurance, lending, and marketing products to financial institutions in the US and their April 2018 Antitrust lawsuit against LPR giant, DRN.
If you will recall, it no longer seems a coincidence at that Digital Dog, who merged with Redline Adjusters, also filed an antitrust lawsuit against DRN at approximately the same time. Both Digital Dog and Location Services are Sacramento, CA based companies.
Location Services, LLC is owned by Delaware Street Capital (DSC,) an investment group, who has taken a keen interest in all things related to the repossession and remarketing industry over the past year. Judging on the flurry of recent acquisition activity, it is clear that a massive amount of capital has been injected into Location Services for what may be an attempt to dominate the market.
Editors Note: Get ready for more consolidation. The number of investment firms sniffing around the repossession industry over recent months, indicates that there are several well capitalized firms making moves to dominate the repossession and remarketing market through acquisitions and partnerships as illustrated above. The coming months could prove to be some of the most transformational and market disruptive times in the history of the repossession industry ahead of us.
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