Civil Demand Associates, Inc., the oldest established civil recovery
firm, is
acquired by BP Law Group, LLP, to foster growth in loss
mitigation
On February 10, 2015, BP Law Group, LLP acquired
Civil Demand Associates, Inc. ("CDA"), founded in 1987,
the oldest, established civil recovery company. CDA, a
pioneer in its industry, was formed to service the retail loss prevention
community's growing concerns about deterring shoplifting and employee
dishonesty.
Over the past 26 years CDA has grown to establish itself as the premier loss
prevention recovery agency, providing excellence in the fields of Civil
Demand &
Restitution. CDA's mission is to provide outstanding service to its
clients in
civil recovery; ensure their service is responsive, accurate, and ethical;
to
enable the industry partnerships to assist clients in managing their loss
prevention and recovery programs; foster a great working environment, create
technologies that make their services more efficient and accessible; and
most of
all, to put clients first. CDA's philosophy is to anticipate their
clients'
needs in the retail loss prevention community and to prepare to facilitate
change and to effectively communicate any changes or updates in civil
collection
laws and challenges.
CDA was attained in an acquisition with BP Law Group, LLP. BP Law Group,
LLP,
founded in 2012 with its flagship office in Irvine, California, is an
integral
part of its parent company, Pluto Sama, LLC. BP Law Group, LLP is a
nationwide
law firm dedicated to the liquidation of asset backed loans, nonperforming
commercial and residential loans, mortgages and deeds of trust, and other
real
estate finance instruments. BP Law Group, LLP clients are owners of large
portfolios of distressed commercial and residential real estate, who sought
a
one-stop solution to liquidate and monetize their portfolios. One of BP Law
Group, LLP's largest clients is its affiliate asset management company,
Distressed Capital Management, LLC. BP Law Group, LLP shares the U.S.
domestic
Pluto Sama office network with 20 offices in the United States and is able
to
collect debt in over 46 U.S. States. BP Law Group, LLP holds a state-of-the-
art
33 seat call center to institute and maintain loss litigation strategies
with
commercial and residential property owners and will use this call center to
support CDA activities.
CDA, as a pioneer and first in its field, has paved the way for many
milestones
in its industry. CDA has been the first to specialize in retail theft cases,
accept electronic transmission, offer online case management, offer
automated
court restitution collections and "on the spot demand." In
addition, they are
the first to offer civil collections on vendor fraud and employee
procurement,
collections on external cases, court ordered restitution, promissory note
collection(s) on dishonest employee cases, and automated the letter
generation
process.
Matthew Browndorf, Chairman of Pluto Sama, LLC, communicated, "The
compliance
standard required from companies like CDA is impossible to achieve without
allowing for economies of scale. The CDA/BP Law Group merger will result in
clients feeling confident in our compliance standard by allowing to spread
compliance costs across several companies."
The new CDA will continue to operate as before with Frank Luciano at the
helm,
CDA's current President/Chief Executive Officer, in CDA's new
location in
Irvine, California. CDA, now a part of BP Law Group, LLP's network can
use BP
Law Group, LLP's resources to foster aggressive growth and expansion in
its
industry. CDA fit exactly in line with what BP Law Group, LLP is doing and
together with BP Law Group, LLP, CDA can grow expediently.
Prior to this merger CDA had the knowledge and client demand. Now, with the
merger and acquisition of CDA with BP Law Group, LLP, CDA will have the
network
and power to fulfill its industry demands. CDA, now a wholly owned
subsidiary of
BP Law Group, LLP, will continue to serve the community with collection
services, but the offering will be expanded.
"We are extremely excited about our new partnership with BP Law.
Because of
their dedication to offering better solution to civil collections, together
the
retail client can expect a wider range of options," says Frank Luciano,
President of the new CDA.
With the added resources of BP Law Group, LLP and its network dedicated to
the
recovery process CDA clients can expect a higher rate of return while
experiencing lower rate charges. For existing CDA clients the new approach
will
be contained in a video, which if they have not already seen they will
soon.
"CDA has a strong reputation in the industry for high
quality service, making it an excellent fit with BP Law Group, LLP. We are
confident that the additional resources provided by the team of attorneys
and
legal professionals within BP Law Group and its network partners will
strengthen
and enhance CDA as we continue to build one of the leading collection
companies"
says Daniel Singer, Managing Partner of BP Law Group.
The industry should see real change very soon as things move more toward a
focus
solely on collections.
For further information about CDA please contact Frank Luciano at 818-787-
9979
or by email at frank@civildemand.net.
For further information about BP Law Group, LLP please visit:
http://bplawgroup.com/.
To learn more about Pluto Sama, LLC and to see Pluto Sama, LLC's
complete
portfolio, please visit:
http://plutossama.com/.
|