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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
insideARM.com 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.