Advising On A Deal
Staff writer Thomas Heath writes about a deal involving financial services firm Kaulkin Ginsberg:
My friend Marvin Kaulkin is a longtime Washington businessman and fellow, long-suffering fan of the Washington Wizards. Marvin and I both like a good cigar, and once in a while - not often enough - we share a smoke at our friend Mike's cigar store in Bethesda.
Marvin founded Kaulkin Ginsberg, a financial services firm in Bethesda. I can't quite put my finger on what Kaulkin Ginsberg does, which is why I haven't written much about it.
This is how the firm describes itself in an e-mail that one of Marvin's employees sent me: "As the leading strategic advisor for accounts receivable management (ARM), Kaulkin Ginsberg's services include assisting clients in the buying and selling of call center facilities. For ARM service providers, our value-add services focus on analysis, growth, and exit strategies. For credit grantors, our focus is on optimizing receivables management strategies. Kaulkin Ginsberg's media division publishes the most popular sources of timely industry news and information such as insideARM.com(TM) and The ARM Insider(TM).Kaulkin Information Systems creates secure and affordable workflow, document, and business process management technologies."
I still can't figure out what they do. But I like Marvin and find him an interesting guy. He used to run a floor installation business in Washington. He also played college basketball and has regaled me with stories of his basketball days when we go to our annual Wizards game and sit in Marvin's fifth-row seats, or somewhere close to the court.
Anyway, here is an announcement from Kaulkin Ginsberg yesterday: Kaulkin Ginsberg announced that Receivables Outsourcing, Inc. (ROI), a healthcare receivables management firm based in Timonium, Md., has acquired the assets, retained the collection staff, and commenced a new lease of a call center facility in Glendale, Az., from Asset Management Outsourcing, Inc. (AMO), a debt collection agency based in Norcross, Georgia. Kaulkin Ginsberg initiated this transaction and served as advisor to AMO.
The call center, located on West Olive Avenue in Glendale, Az., will provide ROI with a West Coast presence to build upon. The facility has up to 8,000 square feet of office space and a total capacity of 85 workstations.
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