May 16, 2019
For Immediate Release – NACM Commercial Services and San Diego Wholesale Credit Association (NACM San Diego/NACM Colorado/Pacific Southwest Credit Association – NACM New Mexico) Announce Combination of Operations
Combined organization establishes largest regional NACM Affiliate with focus on driving innovation, delivery of credit management tools and serving as a premier educational resource for business credit professionals.
Portland, OR and San Diego, CA (May 15, 2019) – With a keen eye on the future, NACM Commercial Services and San Diego Wholesale Credit Association (NACM San Diego/Colorado/New Mexico) have combined their strengths and expertise creating one of the largest affiliates in the NACM (National Association of Credit Management) network. The acquisition was completed and became effective on Thursday, May 9, 2019.
Corporate headquarters will be based in Portland, Oregon with additional offices located in Spokane, Washington, San Diego, California and Denver, Colorado. Jennifer Walsh, President and CEO of NACM Commercial Services will serve as President and CEO of the newly combined organization. Gregory Garner, President of San Diego Wholesale Credit Association will serve as Vice President-California for NACM Commercial Services.
“We celebrate a new era, a step into the future,” said Gregory Garner. “The credit management field is incredibly fluid. NACM and its Affiliates must be poised to support the ever-changing needs of our members. Blending the talents and strengths of these two successful NACM Affiliates will enhance the experience for all members and may well represent an exciting model for the next generation.”
Combined, the organization establishes an impressive footprint in the Western United States. Designated NACM areas of responsibility include California, Oregon, Eastern and Southern Washington, Montana, Colorado, and greater parts of Idaho, Wyoming, Nevada, and New Mexico. Core focus will continue through the broad offerings of major business credit reporting bureau products; local, regional and national industry credit groups; continuing education by way of seminars, webinars and accredited courses; as well as professional collection agency services with collectors physically positioned throughout the region.
“This procurement comes after extensive due diligence with a common goal of building member opportunities in all regions. We have strategically placed personnel in key regional locations to assist in building a strong local presence and thriving credit community to support member companies. At all turns, the consideration of our membership came first. We’re well positioned to bring added features focused on automation and technology for the credit professional. The combined company will have the scale, breadth and capabilities to compete more effectively in the expanded region.” – Jennifer Walsh, CEO.
Chairman of NACM Commercial Services Board, Mark Balstad (of Nutrien Ag Solutions) said, “The Board is excited to bring these two entities together focusing on building a more robust network of credit professionals in the B2B environment who are well informed, better educated, and a full resource in their credit positions.”
About NACM Commercial Services: NACM Commercial Services is one of the largest and oldest Affiliates in the NACM network. Founded in 1896, it is recognized as a premier provider of commercial credit management services supporting credit grantors throughout the United States. More information about the organization can be found at www.nacmcommercialservices.org or by emailing President and CEO, Jennifer Walsh at email@example.com.