Press / Del Mar Recovery Solutions Receives Strategic Investment from TZP Growth Partners
July 19, 2016 · TZP Group
Del Mar Recovery Solutions Receives Strategic Investment from TZP Growth Partners
Del Mar Recovery Solutions, an automotive asset recovery and repossession management services provider based in Carlsbad, California, announced that it has received a strategic investment from TZP Growth Partners I, L.P., a private equity fund specializing in business and consumer services.
Founded in 2011 by Josh Elias, Del Mar offers skiptracing, national repossession management, license plate recognition, and specialty recovery services to automotive lenders including banks, credit unions, title lenders, captive lenders, and specialty finance companies. The firm emphasizes industry-leading recovery rates through trained personnel, defined processes, technology platforms, a national agent network, and compliance standards.
Rodney Eshelman, TZP Growth Partner, said Del Mar's "experienced management team, compelling value proposition, and commitment to compliance positions the business for continued growth."
Josh Elias said the investment "accelerates our ability to invest in technology and systems, recruit top-tier talent, and expand the breadth of services we offer to our customers," and noted the alignment with TZP's values-driven approach.
TZP Group, founded in 2007, manages over $700 million in assets across multiple funds and focuses on closely-held private companies with sustainable value propositions and solid profitability. The firm positions itself as a "Partner of Choice" providing operating and financial guidance for long-term value creation.