Primeritus Acquires Repo Remarketing

Primeritus Financial Services acquired Repo Remarketing, a principal recovery and remarketing firm. Included in the acquisition is Find Track Locate, Repo Remarketing's skip-tracing unit. "The Gartner's have built a streamlined flagship repossession and remarketing platform for credit unions, which is a perfect complement to all of the services our organization provides for banks, captive finance companies and specialty lenders," said Primeritus Chairman Cam Hitchcock. In 1998, Lance Gartner founded Repo Remarketing in Citrus Heights, Calif. He will remain on as president of Repo Remarketing and the company's 26 employees will relocate to PFS' office in El Dorado Hills. "Repo Remarketing staff will have more options to better serve our partners while we continue to provide the exceptional service we always have," Gartner said. "We're excited to join their team of professionals. Primeritus will assist Repo Remarketing in its continued growth." Source: Primeritus Financial Services.