Location Services, LLC Acquires Strategic Remarketing Solutions

Location Services, LLC Acquires Strategic Remarketing Solutions, LLC and Continues to Expand Market Position and Servicing Footprint

FOR IMMEDIATE RELEASE

Indianapolis, IN, December 3, 2024. Location Services, LLC, the fastest-growing forwarding company in the servicing industry, is excited to announce the acquisition of Strategic Remarketing Solutions, LLC (SRS), a forwarding and remarketing company based in Hoffman Estates, IL.

“We are thrilled to have the SRS team join our organization,” said Jerry Kroshus, CEO of Location Services. “SRS’s penetration into the regional bank and credit union space complements our business model. They are also like-minded in the areas of culture, performance and customer service, so it will be a seamless transition. Together, we are well positioned to offer our clients even greater efficiencies and support, backed by an expanded workforce.”

The acquisition of SRS aligns with Location Services’ strategy of offering nine core services to banks, finance companies, credit unions, and dealerships, with a heavy emphasis on recovery, skip services, LPR staging, remarketing and titles. Through this acquisition, Location Services gains a seasoned workforce with great reputations and partnerships.

“We are very excited to become a part of the Location Services team,” said Jeff Bescher, President of SRS. “Location Services has been on a rapid growth trajectory over the past few years, as have we at SRS. We have a tremendous group of people at SRS and culturally, our two companies are a great fit. We believe in people, partnerships and processes, as does Location Services.”

David Heller, Partner at Delaware Street Capital, the capital partner behind Location Services, said, “We are pleased to add SRS into our Location Services organization. They have a terrific group of very experienced individuals, which will further strengthen our service offerings for our clients.”

About SRS

Strategic Remarketing Solutions (SRS) is a national forwarding company based in Hoffman Estates, IL, that provides comprehensive remarketing, recovery, and title solutions for banks, finance companies and credit unions. For additional information about SRS, visit SRSadvantage.com.

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