March 2023                                                                      

Stern Recovery Services Merges with Fairway Capital Recovery

Cincinnati, OH based debt collection agency, Fairway Capital Recovery, and Stern Recovery Services, Inc., have merged operations. The transaction was completed on March 31, 2023.

For now, the operations of each organization will remain independent to insure no disruption of service to our mutual clients.

Fairway Capital Recovery was founded by current President Matt Alkire in 2012, who will assume the role of President of operations in the new combined corporate management structure.

“We are excited to work with the team and clients of Stern Recovery Services. We have always held their organization in high regard and respected how the team at Stern Recovery partners with its clients. As companies, we share similar philosophies and serve similar markets. We look forward to enhancing our relationship with Stern Recovery’s clients by continuing to focus on their needs and providing tools to keep up with industry regulations,” said Alkire. 

“We are two quality-oriented organizations serving extended regions of the U.S. market,” added Stern. “With the access of Fairway Capital’s technology, we will significantly improve our collectors’ productivity, maximizing recovery of bad debt. We believe our clients will enjoy the additional resources, services, and IT enhancements that Fairway brings to our organization, making the entire collection process faster and more effective.”

There will be no changes to fee structures, service offerings, or account teams for clients of either company post-acquisition.

For more information about Fairway Capital Recovery, visit www.fairwaycapitalrecovery.com.

For more information about Stern Recovery Services, visit www.sternrecovery.com.