Houston, TX (PressExposure) July 15, 2009 -- RMI Consulting LLC (www.rmiconsults.com), an accounts receivable management consulting firm headquartered in Houston, TX, has announced the acquisition of W.E. Shelley & Associates, Inc. The transaction closed on June 15, 2009.
Marc E Davenport, President of RMI stated, "This transaction significantly increases RMI's footprint within the Washington, DC - New York corridor. Moreover we are excited about merging W.E. Shelley's very talented management team with RMI,
As a result of this transaction, W.E. Shelley & Associates, Inc will be merged into RMI's Philadelphia operations. Marc Davenport believes the W.E Shelley & Associates acquisition will position RMI to continue its unparalleled annualized growth rate of 40%.
Mr. Davenport also suggested that RMI may be acquiring additional assets within the next 90 days.
RMI is a nationally recognized accounts receivables management consulting firm with offices in Houston, TX and Philadelphia, PA. Our primary focus is to improve cash flow, reduce daily sales outstanding (DSO) and increase the profitability of the businesses we represent.
Our policies and procedures are built on vision, innovation, experience and a successful history. RMI will develop and implement a customized solution for the timely liquidation of your past due receivables in order to obtain immediate financial success.
RMI's personnel has the experience, technology and training to deliver unparalleled customized AR solutions and cash flow improvements to the marketplace.
Financial terms of the transaction were not disclosed.