Cadex Solutions Acquires DAL, Inc.

November 28, 2023 09:05 AM Eastern Standard Time

MIAMI–(BUSINESS WIRE)–Trivest Partners (“Trivest”) is pleased to announce its portfolio company Cadex Solutions (“Cadex”) has acquired DAL, Inc. (“DAL”). Founded in 1974, DAL has developed a sterling reputation within the industry for delivering personalized services and enhanced management of commercial receivables for its clients. The DAL acquisition expands the executive leadership and industry coverage of Cadex Solutions Corporation, a holding company formed by Trivest to build the premier provider of commercial order-to-cash management solutions.

DAL, headquartered in Philadelphia, PA, is a leader in commercial account receivable management and legal recovery services. DAL will operate as its own entity with Donna Daniels assuming the role of President, succeeding her father and founder, Dominick (“Dom”) Longhi. Dom will be retiring after 49 years in the business.

“I started in the industry as a Credit Manager and in 1974, I created DAL to provide Credit Managers with a level of recovery service that I could not find myself,” said Dom Longhi. “I am extremely proud of what my family has built at DAL, with a reputation of personalized service that goes above and beyond our clients’ expectations. When we met Trivest, we were impressed with their founder-owned focus; they understood our values and we found a strong cultural fit between the organizations, including a similar commitment to our clients’ and employees’ success, while providing the opportunity to expand our business. It’s a win/win for DAL!”

Forest Wester, Managing Partner at Trivest, added, “We are pleased to partner with DAL. Their passion for their clients and employees is palpable, while their expertise within commercial collections is second-to-none.”

Cadex CEO, John Fisher, commented, “There is an outstanding cultural fit with the Longhi family including Donna, Debbie, Mike, and Dave. We cannot be happier to add such an outstanding leadership team and employee base to the Cadex family of brands. There is also a tremendous opportunity to provide expanded solutions to DAL clients including international collections, first-party collections, digital transformation capabilities, AI/ML, and order-to-cash outsourcing. We look forward to DAL accentuating our position in the marketplace!”

About Trivest

Trivest Partners LP, headquartered in Miami with a presence in Charlotte, Chicago, Denver, Los Angeles, New York, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. Learn more at www.trivest.com

About DAL

Founded in 1974 in Philadelphia, PA, DAL has a deep history of providing commercial collection and legal escalation services in the U.S. Founded by a credit manager for credit managers, DAL prides itself in delivering recovery and resolution of commercial accounts receivable by operating with the highest of standards, ethics, and transparency. Learn more at www.dalcollects.com

About Cadex™

Cadex Solutions Corporation is building the premier provider of commercial order-to-cash management solutions. The Cadex family of brands includes ABC-Amega, a global commercial receivable management agency; D&S Global, a technology-enabled, international order-to-cash services provider; TranSubro, an insurance subrogation company; AG Adjustments, who exclusively focuses on third-party commercial debt recovery; and DAL, Inc., a provider of commercial accounts receivable management and legal recovery services. The Company has approximately 800 employees serving over 1,000 customers across all industries in the US, Colombia, Brazil, Romania, Italy, India, Singapore, and South Africa. Learn more at www.cadex-solutions.com

CADEX | Get difficult done.™