Media Receivable Management (MRM) Inc., based in Miami, announced Monday it has completed a deal to take over the collection operations at Borden, Jones & Mitchell. The deal was finalized on Nov. 17. Terms were not disclosed.
MRM's clients are primarily magazine and electronic media publishers. The company specializes in collecting media-related accounts.
"Borden, Jones & Mitchell has done an outstanding job of bringing the outdoor advertising and newspaper markets to this very specialized field of advertising collections and of maintaining long-standing relationships with their clients," says MRM Co-Founder and President John Serafine. "The expansion of other media formats to our client roster positions us well for continued growth.”
MRM was founded in 2001 by collection veterans with experience managing media-related accounts in the U.S., the Caribbean, Mexico, South and Central America and Europe.
Steven Borden, partner with Borden, Jones & Mitchell, says, "[MRM's] excellent reputation in the advertising debt recovery industry will ensure that our clients will continue to receive the outstanding service they have come to expect."