Industry Leaders Caine & Weiner and BARR Credit Services Unite to Create Premier Global Accounts Receivable Management Solutions Provider

Los Angeles, CA & Tucson, AZ – January 14, 2025 – Caine & Weiner (“C&W”) and BARR Credit Services (“BARR”), two accounts receivable management firms with over 90 years of industry tenure individually, today announced their strategic merger. The combined organization will leverage six strategic locations to deliver an expanded suite of services including commercial and consumer collections, first-party outsourcing, commercial letter writing, global receivable solutions, credit services, attorney forwarding services, and specialized legal support through an affiliate law firm.

The merger brings together leadership teams who have maintained close professional relationships spanning more than two decades, collaborating on industry initiatives and sharing best practices throughout their careers. The transaction preserves BARR Credit Services’ established brand identity as it becomes ‘BARR Credit Services, a Caine & Weiner Company’. BARR’s Executive Leadership team and management will continue to lead their operations, ensuring continuity of service while gaining additional resources through C&W’s support.

Greg Cohen, Chairman and CEO of Caine & Weiner, said, “This merger represents a transformative moment in the accounts receivable management industry, one that has been years in the making through our long-standing relationship with BARR’s leadership team. We know firsthand the operational excellence and integrity they bring to the industry. By combining C&W’s operational excellence with BARR’s capabilities and stellar market reputation, we’re creating an organization that will redefine service excellence in our space. Our combined platform will offer unmatched depth and breadth of solutions, positioning us as a leading market participant in commercial and consumer receivables management.”

“Having worked alongside BARR principals earlier in my career, I’ve seen firsthand their commitment to excellence and innovation,” said Joe Batie, President and Chief Commercial Officer of Caine & Weiner. “With our complementary geographic footprint and technological capabilities, this combination immediately enhances our ability to serve clients of all sizes across every major market. I am highly motivated that our combined team’s expertise will accelerate innovation in areas like technology, artificial intelligence and process automation, ultimately delivering better outcomes for our clients.”

“The decision to join forces with Caine & Weiner was driven by our shared commitment to excellence and remarkably similar corporate cultures,” said Randy Frazee, CEO of BARR Credit Services. “Our clients can expect the same high-touch service they’ve always received from BARR, now backed by significantly expanded resources and capabilities. This combination preserves everything our clients value while giving them access to a broader suite of solutions.”

Jim Bessenbacher, Jr., President of BARR Credit Services, said, “With nearly two centuries of combined experience between our organizations, this merger brings together some of the deepest expertise in the industry. What’s particularly exciting is how our combined technological capabilities and specialized industry knowledge will allow us to develop new solutions that address emerging challenges in the digital economy. This positions us perfectly to help clients navigate the increasingly complex world of receivables management.”

Corporate Advisory Solutions (CAS) acted as the buy-side M&A advisor to Caine & Weiner in this transaction.

About Caine & Weiner

Since 1930, Caine & Weiner has established a tradition of providing effective and comprehensive solution-based collection services to some of the most renowned companies in the nation. The Company operates out of 4 locations across the United States. Caine & Weiner continues to honor its rich history, being recognized as one of the oldest and most trusted names in accounts receivable management today. Embracing both tradition and innovation, C&W continues to set the standard by utilizing innovative technology solutions to drive cash-to-receivable pipelines and by enhancing cash flow and business growth throughout diverse industries.

About BARR Credit Services, Inc.

BARR Credit Services is a global accounts receivable firm, specializing in commercial B2B solutions for first-party AR outsourcing, third-party accounts recovery and industry credit group services. The company was created in 1933 with the establishment of The Bessenbacher Company in Kansas City, Missouri. Meanwhile in Tucson, Andersen Randall & Richards (AR&R) began offering sophisticated first-party and third-party collections in 1998. BARR (Bessenbacher, Andersen, Randall & Richards) Credit Services is the result of bringing together two successful companies in 2016.

For media inquiries or further information, please contact:

Joe Batie / joe.batie@caine-weiner.com

Randy Frazee / rfrazee@barrcredit.com