Primeritus Financial Services today announced that Chris McGinness has been appointed its first Chief Operating Officer, effective immediately. As Chief Operating Officer, Mr. McGinness’ responsibilities will be expanded to include all of Primeritus’ operating businesses. Mr. McGinness will continue to report to Mike Thomas, Primeritus Financial Services Chief Executive Officer. Mr. McGinness has more than 20 years combined leadership experience in business operations and has served in numerous senior management roles across the automotive services industry. This promotion is part of the company’s commitment to ensure continuous improvement and acceleration of operational excellence. As Chief Operating Officer, Mr. McGinness will have the responsibility to lead in the development and execution of a consolidated operations strategy across all of the Primeritus entities. Announcing the appointment, Mr. Thomas said, “We are very pleased to announce Chris’ promotion to the position of Chief Operating Officer at Primeritus. The Primeritus Family now encompasses five … Continued
Author Archives: Joe Mappes
Primeritus Financial Services is pleased to announce the promotion of Mike Thomas to Chief Executive Officer, effective immediately. Mike brings a wealth of experience to the CEO position and has a proven track record of leveraging technology to drive best practices to better serve both customers and vendors. Mike succeeds Scott Peters who joined Primeritus in 2015 and led the company during a period of rapid growth and success. Scott recruited Mike to Primeritus as the Company’s Chief Information Officer and Senior Vice President of Operations in 2015 where Mike was focused on developing the Company’s long-term technology and operational strategy. “It is a tremendous honor to have been groomed by, and to be able to succeed my long-term mentor, Scott Peters, and I look forward to building upon the foundation of success he has created. There is no limit to where we can take Primeritus with our ongoing focus … Continued
Primeritus Financial Services is pleased to announce they were the first supplier to receive the Recovery Services Excellence Award from Toyota Financial Services (TFS). This is Toyota’s most recent supplier recognition program for fiscal year 2018. The program is intended to drive performance results in a competitive spirit amongst Toyota’s recovery service vendors. The award recognizes a vendor’s performance in results, compliance, and overall partnership, and includes a trophy which travels quarterly for display in each recipient’s home office. “It’s truly an honor to have been the first to receive the ‘Recovery Services Excellence Award’ from TFS,” said Scott Peters, President and CEO. “But it’s far from an individual achievement. This award is a testament to the combined power of great vendor and lender partnerships, and a values-driven culture within Primeritus. We’re eager to continue advancing our continuous process and technology improvements and playing a meaningful role within the industry.” … Continued
Security National Automotive Acceptance Company (SNAAC), a non-prime auto finance company, and Primeritus Financial Services, Inc., the leading service provider of recovery management, skip tracing, and remarketing services to the auto finance industry, today, announced their collaborative partnership. Primeritus will provide SNAAC their full-suite of remarketing services for SNAAC’s automotive portfolio. “Primeritus has a solid reputation in the industry by helping auto finance companies improve their remarketing strategies and obtaining the highest returns in the auction lanes,” says Chris Mitcham, Senior Vice President of Collections with SNAAC. “SNAAC is proud to partner with a company that will help us; improve our portfolio results, lower our overall days to sell, manage cost, experience premium lane placement, and participate in their vehicle certification process in order to obtain the highest vehicle retention value.” Keith Byrd, VP of Remarketing for Primeritus added, “The team at Primeritus is very excited and proud to partner … Continued
Primeritus Financial Services, Inc. – the leading provider of recovery management, skip tracing, and remarketing services to the auto finance industry in the U.S. – today announced the acquisition of Capital Recovery Group, LLC (CRG). Based in Tucson, Arizona, CRG is the only recovery solution company dedicated solely to the powersports community. CRG, founded by Nic Spallas, Adam Jones, and Dennis Louderback, is the seventh acquisition by Primeritus since 2012. “We are very selective when considering potential acquisition targets, evaluating many different aspects of the company,” said Scott Peters, President, and CEO of Primeritus. “We were very impressed when we talked to the team at CRG and knew right away that this would be a great addition to the Primeritus Family of Companies.” Chris McGinness, SVP of Operations for Primeritus added, “CRG has an excellent reputation within the powersports industry. We look forward to working with their team to enhance … Continued
Primeritus Financial Services, Inc., the leading provider of recovery management, skip tracing and remarketing services for the auto finance industry in the U.S., today announced that it has received Ally Financial’s 2017 Supplier of the Year award. “We are honored to have received such a prestigious award from Ally. I could not be more proud of our team for their hard work and the commitment to excellence that it took to achieve this. We have enjoyed a strong relationship with Ally and are excited to see this grow in the future.” said Chris McGinness, SVP of Operations for Primeritus. “We have made a concerted effort to deliver sustained results for Ally.” “It’s extremely rewarding to be recognized as an industry leader by Ally,” said Joe Mappes, EVP Client Services and Sales, Primeritus. “Our teams have worked very hard in developing a trusted relationship with Ally since we started working together … Continued
Wednesday, February 15, 2017 Nashville, TN – Primeritus Financial Services, Inc. – the leading provider of recovery management, skip tracing, and remarketing services to the auto finance industry in the U.S. – today announced the acquisition of Global Investigative Services, LLC (GIS). Based in Rockwall, TX, GIS was founded by Greg Hill and partner Danny Tolbert and provides vehicle skip tracing services, equipment recovery and investigative services to the finance community.
Thursday, January 21, 2016 Nashville, TN – Primeritus Financial Services, Inc. – the leading provider of recovery management, skip tracing, and remarketing services to the auto finance industry in the U.S. – today announced the acquisition of Roquemore. Based in Dallas, TX, Roquemore is the leading provider of vehicle skip tracing services to the credit union and collateral protection industries.
Friday, February 20, 2015 Nashville, TN – Primeritus Financial Service, a leading provider of repossession management, remarketing, title services and skip tracing services to the auto finance industry, announced today that it has hired Wayne Acklen as Chief Financial Officer (CFO), effective immediately. Acklen will be responsible for leading the company’s financial, accounting, compliance and I.T. operations.
Friday, January 2, 2015 Nashville, TN – During 2014, employees of Primeritus Financial Services, Inc. worked hard campaigning and giving for their favorite charities. Primeritus CEO, Chuck Tapp said “Our employees held a highly successful Red Cross Blood Drive; a walk to raise money and awareness for the American Diabetes Association.” Tapp continued, “We end the year with our annual holiday donation to A Special Wish Foundation®, giving special wishes to children with a life-threatening illness.”