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02.08.2010 / Michael Flock
Flock Advisors Announces Sale of PCM Portfolio Assets to Oliphant
 ATLANTA, Georgia, February 8, 2010 — Flock Advisors, an M&A advisory firm specializing in the collections and debt buying industries, is pleased to announce its successful sale of the portfolio assets owned by Performance Capital Management (PCM), a debt buyer based in southern California, to Oliphant Financial LLC, a debt buyer based in Sarasota, Florida.
Dave Caldwell, COO of PCM, commented: “With the sale of our portfolios, PCM will be winding down its debt buying business of several years. However, we couldn’t be happier with the new buyer, Oliphant Financial, a debt buyer with an outstanding track record. We appreciate everything Flock Advisors did to maximize value for us, and manage a smooth transition under very challenging circumstances.”
Bob Morris, CEO of Oliphant Financial, stated: “We are excited about the purchase and thank Dave Caldwell and the PCM team for all their support during the transfer of the portfolios. We also appreciate the funding from the new Falcon Fund provided by Flock Advisors, a critical factor in getting the deal closed.”
For questions and additional information, please call Flock Advisors, either Michael Flock at 770-644-0851, mflock@flockadvisors.com, or Don Hilbert at 770-644-0852, dhilbert@flockadvisors.com
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“When evaluating industry trends or considering quality sources for capital investments, Michael is a great sounding board. He understands my issues because he has walked in my shoes. He has a great network, and has the M&A experience of having evaluated dozens of companies.”
— Mike Chamberlain,
CEO, Asset Management Outsourcing, Inc.
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