APAC Customer Services, Inc has been acquired by One Equity Partners (OEP) the private investment arm of JPMorgan Chase & Co.
One Equity Partners paid APAC stockholders USD8.55 per share in cash, which represents a premium of approximately 57% over APAC’s closing share price on July 6, 2011, the last trading day prior to the announcement of the transaction.
One Equity Partners is the majority owner of NCO Group, Inc, a leading global provider of business process outsourcing services. As previously disclosed, OEP intends to continue to seek to combine APAC with NCO Group to build market leadership in business process outsourcing and customer care solutions.
Tom Kichler (pictured), Managing Director at One Equity Partners, says: “We look forward to helping APAC build on its record of delivering great customer experiences.”
Kevin Keleghan, APAC’s President and CEO, says: “OEP’s acquisition of APAC has been well received and supported by our customers and our people. We are proud of the great company and shareholder value that we have built, and we appreciate the support of our Board and shareholders.”
