The Week's Features
Seven of the industry’s finest to be inducted to Hall, October 12
Herring Motor Company keeps classic line alive
Recovery management and technology services now one
Delivers Class 6 capability in a Class 5 Super Duty package
Recovery “dance” lifts overturned truck
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Texas repo agent Ramiro Villareal said he works a dangerous job; he feels fortunate to have never had a gun pulled on him. Image - krgv.com.

Primeritus Financial Acquires CARS

Primeritus Financial Services, a provider of recovery management, skip-tracing, and remarketing services, recently announced its acquisition of Consolidated Asset Recovery Systems.

" We are very excited to grow in size and scale and we will continue to invest in technology and operational capabilities which add value. As we continue this journey we will always embrace great people, great processes, and great solutions," said Mike Thomas, Primeritus CEO.

Steve Norwood, president/CEO for CARS, said, "We will continue to operate as separate businesses leveraging synergies in skip, back office functions and remarketing. We are very excited to be a part of the Primeritus family of companies."

Source: Primeritus.

Woman Accused of [b]Stealing Repo'd Car

A Memphis, Tennessee, woman was arrested after police say she stole a car that had been repossessed by a local auto dealer.

The manager for Joe Cooper Auto Sales told police that they sold a 2004 Pontiac Grand Prix to Ashinik Johnson in late January. Two weeks later the car was repossessed after she failed to pay a deferred down payment of $300.

The vehicle was taken back to the business for safekeeping, the company said.

Two hours after the car arrived, employees said it vanished from their lot.

According to an affidavit, Johnson admitted to retrieving the vehicle from the business during a subsequent phone interview with police.

Johnson was booked into jail and charged with a felony count of theft of property March 20.

The next day, Johnson contacted a local television station and denied the allegations. She said her arrest was the result of a misunderstanding and that she was trying to retrieve personal items from the vehicle prior to her arrest. She also says the vehicle never left the car lot.

Source: wreg.com.

Agent Speaks Out [b]on Repo Dangers

A Weslaco, Texas, man who works for a repossession company is speaking out about some of the dangers he's encountered while doing his job.

Ramiro Villareal says he works a dangerous job and always hopes the owners understand.

"You go with orders to pick up a vehicle or something because they failed to meet obligation, but they don't look at it that way," he said.

He spoke of one encounter where a woman—whose trailer he repossessed—tried to ram him over to the other side of his truck with her small car.

"She was furious. She came around the driver's side and tried pushing me over with her vehicle to the side of the road," Villareal said. "I couldn't believe it; but she tried her damndest."

Villareal feels fortunate to have never had a gun pulled on him after hearing about the man who was shot by a homeowner while trying to repossess property recently.

"That guy is lucky; that guy is lucky because people get furious," he said.

Villareal said that he doesn't carry any weapons on the job.

"I hate to have to come to that point," he said, "where it came down to that."

Source: krgv.com.

Nominations Open [b]for 2019 NARS Awards

Organizers of the 11th annual North American Repossessors Summit — held by the American Recovery Association in conjunction with headline sponsor Harding Brooks Insurance—have opened its online award submissions for the 2019 NARS Industry Awards.

The online submissions will be accepted until April 1.

Honoring exemplary repossession professionals, this year's award categories include Agent of the Year, Service Representative of the Year, Humanitarian of the Year and Agency Owner of the Year. Winners will be announced during the summit, which will take place at the Omni Mandalay Hotel in Irving, Texas on April 18 and 19.

"Every year, we welcome the opportunity to recognize the industry professionals who best demonstrate the values of NARS in their work," ARA President Dave Kennedy said. "This year, we wanted to create more ways we could honor repossession professionals across multiple job titles who truly embody our 2019 theme, 'Adapt, Conquer and Overcome.' "

Nominations for the 2019 NARS Industry Awards can be submitted at reposummit.com.

Source: autoremarketing.com.

Standoff Forces School [b]Lock Down

Two Donna, Texas, schools were placed on lock down following a standoff in a nearby neighborhood, March 19.
Police say around 4:30 p.m., a repo company showed up at the residence to recover some property. That's when the alleged upset homeowner, possibly intoxicated, fired shots at the employees with the repo company.

As a precaution, Salazar Elementary and Veterans Middle School were placed on temporary lockdown. Police say their special units responded to the standoff that lasted about 45 minutes with the suspect and family. Crisis negotiators were able to secure the area and recover the weapon.

Charges were still pending at press time as police investigated the legality of the repossession.

Source: kveo.com.

Paramount Recovery Service Expands

Southern California-based automotive repossession company Paramount Recovery Service, Inc. recently announced the expansion of its locations and services, as well as the hiring of two industry experts.

The physical expansion includes the acquisition of PRS' largest location to date, an 88,000-sq.-ft. indoor and outdoor facility based in downtown Los Angeles' Huntington Park district. The company now services 15 counties with brick and mortar repossession storage facilities, including a location in San Diego, a one-acre facility in Perris, and others in Ontario, East Los Angeles, Burbank, Oxnard, Lancaster, Bakersfield and Fresno.

PRS also maintains an office and auto storage facility in Phoenix, Arizona.

A portion of this growth follows PRS' acquisition of three other automotive repossession companies over the past two quarters. Additional acquisitions are underway with plans to expand to Palm Springs, Santa Maria, and throughout California by the end of 2019.

PRS also added two new employees to its management team.

Industry veteran Kevin Morgan joins as vice president with an extensive background in auto and repossession services, credit union experience and auto remarketing. He will assist owner Steve Simons in company oversight and daily operations.

Daisy Duarte joins as director of operations, Pre-recovery Unit and brings years of industry knowledge and expertise from Westlake Financial Services. She joins the Operations team led by Roger Gilden, chief operating officer.

Source: Paramount Recovery Service.
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