Bibby Financial Services Acquire Comresco LLC.DALLAS -- Bibby Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. has expanded its U.S. business with the acquisition of Comresco, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The business will merge with Bibby's existing Texas based business, Bibby Financial Services (Southwest), Inc., and will continue to focus on the provision of factoring solutions to small and medium-sized businesses in Texas and the Southwest. "Today's announcement is a reflection of Bibby Financial Services' growth strategy in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in particular our focus on the Texas market. It firmly positions the group as a significant player in the U.S. factoring market," said Stewart Chesters, Group Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Bibby Financial Services (Holdings), Inc. This acquisition compliments Bibby's existing operations in Arizona, California, Florida, Illinois, Ontario, Tennessee and Texas. "We see this transaction as an opportunity to strengthen our position in the Texas and Southwestern marketplace and one which supports our growth strategy," said Sam Tork, Chief Executive Officer of Bibby Financial Services (Southwest), Inc. "It also brings to us the experience and skill set of Comresco in delivering a highly reputed selective factoring service to the local small business community." The group has in recent years embarked on an aggressive growth strategy driven by a unique business model of autonomous companies, designed to ensure it delivers a market-leading service to its clients. Notes to Editors Bibby Financial Services is wholly owned by the Bibby Line The Bibby Line is a British company concerned with shipping and marine operations. Its parent company, Bibby Line Group Limited, can be traced back to the shipbroking partnership of Bibby & Hall, which was founded in 1801. Group, a business-to-business services group with interests in ship owning and operation, shallow water See:
Bibby Financial Services specializes in the provision of finance to small and medium sized enterprises across a wide range of industry sectors. Operating via a global network of 26 autonomous operating companies in the United States, Canada, United Kingdom, France, Ireland, Poland, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Slovakia and Australia the group purchased more than $6 billion dollars of receivables and had more than 6,500 clients worldwide. For more information on Bibby Financial Services, visit www.bibbyusa.com. For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk, www.bibbytf.com, www.bibbyfinancialservices.com. |
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