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

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.