Profile

Encore Capital Group, Inc. and its subsidiaries form the largest publicly traded debt buyer by revenue in the United States. It has operations and investments in 15 countries. Encore's subsidiaries purchase portfolios of consumer receivables from major banks, credit unions, commercial retailers, and telecommunications companies, and work with individuals to repay their debts. The firm is a publicly traded NASDAQ Global Select company , a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500. Encore Capital Group's wholly owned operating subsidiary, Midland Credit Management, Inc., was founded in 1953 and was incorporated in Kansas in September 1953. In 1998, an investor group led by Nelson Peltz and Peter May and Kerry Packer of Consolidated Press International Holdings Limited, acquired a majority interest in its operations. The group formed a holding company, which it incorporated in Delaware in April 1999 as MCM Capital Group, Inc., later renamed Encore Capital Group, Inc. in April 2002. The company completed its initial public offering of 2,250,000 shares of common stock in July 1999. In June, 2013, Encore acquired Asset Acceptance Corporation , another large publicly held debt buyer based in Warren, Michigan. In 2014, Encore Capital acquired Virginia-based Atlantic Credit & Finance. In 2018, Encore fully acquired Cabot Financial