Fidelity Creditor Service Inc., a Glendale, Calif.-based collection agency, acquired Balboa Collections Service, another San Fernando Valley collection firm, its eighth acquisition since 2005, the company announced. Terms of the deal were not disclosed.
Fidelity serves small- and medium-sized businesses in the health care, retail and entertainment industries. CEO Clint Sallee said the acquisition is another step in the company's growth plan, adding it's rare to find a strong company with long-standing clients in its targeted markets of health care and small business.
Balboa is located in Northridge, Calif.