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Trive Capital Acquires Majority Stake in NCB Management Services allowing NCB to Further Expand its Industry-Leading Debt Purchasing & Collection Servicing Footprint September 9, 2021

TREVOSE, Pa. -- NCB Management Services (“NCB”), a national Debt Buyer and Accounts Receivable Management (“ARM”) firm is pleased to announce a new ownership structure as a result of their partnership with Trive Capital (“Trive”).'

NCB’s management team, led by Ralph Liberio, President & CEO, will remain in place continuing to provide superior performance on behalf of their clients. The entire NCB team remains focused on compliance, regulation, and having a team dedicated to providing clients with the highest level of support. Liberio will also hold a seat on the Board of Directors. In addition, Rick Silver, NCB’s founder, will retain minority ownership as well as maintain a position on the Board of Directors and continue providing oversight and strategic guidance to the Company.

“Partnering with Trive Capital allows NCB to accelerate our portfolio acquisition growth strategy while continuing to grow the account servicing segment of our business”, stated Ralph Liberio, President & CEO of NCB Management Services, Inc. “We have an aggressive and disciplined growth plan and are excited to take NCB to the next level of performance for our customers and employees.”

Chris Zugaro, Partner at Trive, stated “We are thrilled to partner with the NCB team. Their successful track record in the debt buying and the ARM business, along with a talented management team, makes this an exciting partnership. We look forward to providing capital and resources to further enable NCB’s growth.”

The transaction was completed on August 31, 2021. NCB was advised by Raymond James, and debt financing was provided by M&T Bank.

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About NCB Management Services

NCB Management Services, Inc. was established in 1994 and is headquartered in Trevose, PA with satellite offices in Jacksonville, FL, Sioux Falls, SD, and Lincoln, NE. NCB is a well-respected Debt Buyer of Unsecured Consumer Credit Products and an admired, well- recognized Accounts Receivable Management (ARM) industry leader. By blending many years of ARM experience with the latest in new information systems and communication technology, NCB has developed a reputation as consistently being a valued business partner and performer in a wide variety of applications. Achieving maximum results and protecting our clients valued reputation are among our highest priorities.

About Trive Capital

Trive Capital is a Dallas, Texas based private equity firm with approximately $3.6 billion in assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle- market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.