User:Brownandjoseph/sandbox

Brown & Joseph, LLC or Brown & Joseph is an privately owned debt collection agency based in Itasca, Illinois.

History
Brown & Joseph was founded in Chicago in 1996 by Christine Brennan and (...).

In April of 1997, Kevin Walsh purchased Brown & Joseph from Brennan.

In 2001, Brown & Joseph partnered with 9ci, a leading provider of enterprise applications for revenue, trade, and receivables management, to help facilitate the Receivable Management Group. 9ci was originally started in 1994 as a bolt-on software solution that managed deductions for retailers in the CPG industry. As 9ci grew, it added Cash Application, Trade Promotion, Collections and finally Analytics intelligence software to its offerings. Together both companies’ synergies evolve around providing its clients a full Credit to Cash Solution tailored to meet our client’s unique specifications.

In 2010 The National Association of Wholesaler-Distributors (NAW) announced that it was partnering with international receivables management company Brown & Joseph to offer a suite of customizable accounts receivable recovery, working capital and liquidity programs to its 32,000 industry member companies. “We believe that Brown & Joseph and [their partner] Management Services & Associates have the industry expertise, financial experience and commitment to make this new relationship a powerful receivables management tool for wholesaler-distributors,” said Dirk Van Dongen, NAW president. “Typically, a wholesaler-distributor has up to 40% of its assets in receivables, so this is a strategically critical area of management concern, especially in the current economic climate.” NAW encompasses over 32,000 firms, representing virtually all products that move to market through wholesaler-distributors. Sales of U.S. wholesaler-distributors were $3.8 trillion in 2009. “We are honored to be chosen by NAW as its affinity partner in the third party collection space. NAW’s membership base represents a significant portion of all commercial third party debt placed for collection in the U.S. and we’ve worked closely with NAW to develop a value driven approach for its members which will protect their profitability,” noted Chris Cappuccilli, former CEO of Brown & Joseph. In April of 2017, Brown & Joseph was acquired by LaSalle Capital, with NewSpring Capital providing equity co-investment.