FOR IMMEDIATE RELEASE:
Indianapolis, IN, April 10, 2025. Location Services, LLC, the fastest-growing forwarding company in the servicing industry, is excited to announce the acquisition of Marina Hill Finance, a third-party dealer consignment remarketing company based in San Antonio, FL.
“We are thrilled to announce that we have acquired Marina Hill Finance,” said Jerry Kroshus, CEO of Location Services. “Bob Sketch and his team have built a tremendous dealer consignment business over the years and by combining their volumes with our remarketing channels, it will only enhance our overall strategy and effectiveness.”
“By adding Bob and his team to our organization it further strengthens our reach and gives us a more prominent footprint across the country. Bob has a seasoned team, and they are in markets where we do not overlap,” said Paul Seger, Chief Remarketing Officer for Location Services.
“The merger with Location Services is an exciting step forward for our team”, said Bob Sketch, Founder and CEO of Marina Hill Finance. “By joining forces with Locations Services / Pinnacle Remarketing, we are gaining access to best-in-class resources, expertise and infrastructure that will allow us to accelerate growth and continue to provide top tier solutions for our customers.”
Rebranding of Remarketing Division to Pinnacle Remarketing
Location Services also announced the rebranding of their remarketing division to Pinnacle Remarketing. Pinnacle will focus on remarketing bank, finance company and credit union repossessed units, along with dealer consignment and third-party units. Seger has added several industry veterans to his team, along with inheriting a very strong nucleus at Location Services.”
“We are building an incredible remarketing program at Locations Services. We are very fortunate to have Debbie Stokes, Mike Rodi, Jay Watson, Dave Theobold and Bob Sketch and others, as senior leaders. We have re-branded as Pinnacle Remarketing to better capture our full-service offerings,” shared Seger.
Kroshus added, “Paul and his team are creating a ton of opportunities. We are very excited for the momentum they are generating with our clients, auction partners and vendors.”
David Heller, Partner at Delaware Street Capital, the capital partner behind Location Services, shared, “Adding Marina Hill Finance and rebranding to Pinnacle Remarketing are both examples of our commitment to growing our business model. We are bullish on remarketing and through this growth our customers will benefit from our additional volumes which will also lead to better cycle times and overall net returns.”
About Location Services
Location Services, LLC is a full-service recovery management company based in Indianapolis, IN, providing solutions in all 50 states for recovery, skip, LPR, remarketing, titles, impounds, keys, transportation and legal notices for banks, finance companies and credit unions. Location Services is owned by Delaware Street Capital (DSC), a Bluhm family investment vehicle, providing significant financial strength and backing to Location Services. For additional information about Location Services, visit locationservices.com.
For further information, contact:
Michele Connell
Vice President
714-227-7450
Michele.Connell@location-services.com
Miriam Salama
Vice President
908-768-5202
Miriam.Salama@location-services.com
Location Services Announces Acquisition of Marina Hill Finance – Location Services Announces Acquisition of Marina Hill Finance – Location Services Announces Acquisition of Marina Hill Finance
Location Services Announces Acquisition of Marina Hill Finance – Forwarder – Repossess – Repossession – Remarketing – Wholesale – Credit Union Collections – Credit Union Collectors – Location Services LLC, Location Services
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