AGA for Website

AG Adjustments, Ltd

Business Description

A.G. Adjustments Ltd. (“AGA” or the “Company”) is a leading accounts receivable management (“ARM”) firm focused on third party commercial (B2B) collections of past due receivables for both Fortune 1000 and medium sized companies across multiple verticals. For more than 40 years, the Company has built a national reputation for delivering strong results with integrity and the highest degree of customer service. The Company’s comprehensive and proven collections process is managed by a highly experienced team of industry certified collectors and enhanced further by robust technology capabilities. Serving as an extension of their credit department, the Company has earned the trust of clients to represent their brand for collection services. The Company, based in Melville, NY, is a second-generation family business founded in 1972 by Al Gerstel.

Background

Since 1990, Robert Gerstel (CEO) and Marc Gerstel (President), second generation owner-operators of AGA, have continued to build upon their father’s legacy and transformed the Company into a true leader in the commercial collections industry. As the shareholders were considering the next phase of growth for AGA, they were seeking a partner that could provide liquidity for the family, assist in further professionalizing the management team and continue to invest in the Company for future growth. Consequently, Carter Morse & Goodrich was engaged to help the brothers plan, prepare, execute, and close a successful transaction.

Solution

Through a disciplined process, AGA garnered numerous offers with a handful of strong potential buyers. Ultimately, it was apparent Trivest Partners was the ideal partner for AGA. Bob Gerstel shared the following - “Carter Morse took time to learn our business and truly understand our objectives…We could not have worked with a better partner to find an ideal investor.” As a platform investment for Trivest, Bob and Marc are invested alongside a world-class private equity group and will continue in their current roles as AGA to help drive continued organic and acquisitive growth.