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April 22, 2008updated 06 Sep 2016 3:10pm

NCO to pay $325m for BPO vendor OSI

Business process outsourcing provider NCO Group is to acquire Outsourcing Solutions Inc, OSI, for $325m in cash.

By CBR Staff Writer

Founded in 1995, OSI provides finance and accounting outsourcing services, including billing and receivables management, customer acquisition, and delinquency management. The company reported revenue of $441.5m in 2006 and has approximately 5,000 staff working out of offices in the US, Canada, Mexico, and Puerto Rico.

Horsham, Pennsylvania-based NCO was acquired by private equity firm One Equity Partners for $1.2bn in November 2006. The company, which provides accounts receivable management, customer contact and back office outsourcing services, reported sales of $935.7m in the first nine months of 2007, up 3% on the same period of the previous year.

NCO’s last acquisition was in December 2006 when it bought Panama-based contact center outsourcing services vendor Star Contact for an undisclosed sum.

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