In 2014, Encore Capital acquired Virginia-based Atlantic Credit & Finance. In June, 2013, Encore acquired Asset Acceptance Corporation, a debt buyer based in Warren, Michigan. Īshish Masih is Encore Capital's President and Chief Executive Officer. Encore Capital is the largest publicly traded United States debt buyer by revenue. The company completed its initial public offering of 2,250,000 shares of common stock in July 1999.
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 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. History Įncore Capital Group's subsidiary company, Midland Credit Management, Inc., through which it purchases all of its debt, was founded in 1953 and was incorporated in Kansas in September 1953. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500. The company is headquartered in San Diego, and operates throughout the United States. is a publicly traded debt buyer based in the United States.
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