Bibby Financial Services Acquires Portfolio from Capital Financial Services, Inc.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- 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 Capital Financial Services, Inc.'s portfolio of Arizona based clients. The business will become a client service center to compliment and expand Bibby's existing sales office in Phoenix and Bibby's existing California operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. , Bibby Financial Services (CA), Inc. It will continue to focus on the provision of factoring solutions to small and medium-sized businesses in Arizona and the West. "Today's announcement is a reflection of Bibby Financial Services' growth strategy and commitment to the vibrant Phoenix marketplace. It firmly positions the group as a significant player in the U.S. factoring market," said Stewart Chesters, Group COO. of Bibby Financial Services (Holdings), Inc. This acquisition complements Bibby's existing operations in Florida, Illinois, Ontario, Tennessee and Texas. "We see this transaction as an opportunity to strengthen our position in the Phoenix and Arizona marketplace and one which supports our growth strategy," said Ian Varley CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bibby Financial Services (CA), Inc. "The deal reflects the commitment we place on delivering the highest level of client service in our industry by focusing on speed, flexibility and the personal touch. These qualities which will continue under Bibby were very evident in the business style of Capital Financial Services, a family owned company which operated in Phoenix for 26 years. We have great respect for the portfolio built by Nancy Saulson and her late father William Saulson, and are delighted that her operation is now part of the Bibby Group. Our existing Arizona based clients now have the added advantage of being serviced by an experienced and local operations team." 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 specialises in the provision of finance to small and medium sized enterprises across a wide range of industry sectors. Operating via a global network of 25 autonomous operating companies operating company A business that engages in transactions with outsiders. 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. , 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. Bibby Financial Services is the largest non-bank owned receivables finance company in the United Kingdom. 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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