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EquiSearch
Services, Inc.
EquiSearch Services, Inc., a leading
locator of lost shareholders, was acquired by
ChoicePoint Inc. (NYSE:CPS).
EquiSearch, founded in 1988, is
located in Westchester County, New York. It has
approximately 30 employees and is managed by Mr. Paul
Goldstein, who will remain with the company as Vice
President and General Manager. EquiSearch’s primary
business is to contract with companies or stock transfer
agents to locate lost shareholders for Fortune 1000
corporations and other public companies.
"The combination of
ChoicePoint and
EquiSearch
strengthens our ability to help our customers locate
missing owners of assets," commented Goldstein.
"Bringing the value of their data together with our
research and recovery staff enables greater penetration
of existing markets, and increased growth opportunities
with publicly-traded companies, banking and financial
institution customers."
ChoicePoint is the leading provider
of intelligent information to help business, governments
and individuals better understand with whom they do
business. Through the identification, retrieval,
storage, analysis and delivery of data, ChoicePoint
helps their customers make better, more timely and more
informed decisions. The company serves the risk
management information needs of the property and
casualty insurance market, the life and health insurance
market, and the business and government markets,
including Fortune 1000 corporations, asset-based
lenders, professional services providers and local,
state and federal governments.
"This is an exciting and logical
extension of our capabilities that takes ChoicePoint
in
a new direction of offering consumer benefit services.
Leveraging information and technology to help
individuals recover lost assets, while assisting
companies in satisfying their regulatory and fiduciary
obligations offers us an exciting growth opportunity in
our business services markets," commented Derek Smith,
President and CEO of ChoicePoint. "EquiSearch has a
solid reputation in the industry, a blue-chip client
base and excellent management. We are excited to have
them join the ChoicePoint team."
For
information about the transaction please contact Alan
Wells of Bollinger/Wells at 212-697-7174 or
email Alan at
alan.wells@bollingerwells.com.
For
information regarding EquiSearch's services please call
(800) 477-3272 or visit their website at
www.equisearch.net.
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