CSI Announces Agreement to Purchase SiteCheck Solutions' and LeaseInspections.com Assets
Tuesday, April 15, 2014
Posted by: Kevin Power, Collateral Specialists
Specialists Announces Agreement to Purchase SiteCheck Solutions’ and
NOVATO, CA and SALT LAKE CITY, UT (April 14,
Specialists Inc. (CSI) and SiteCheck
Solutions today announced an agreement for CSI to purchase the assets of
SiteCheck Solutions, including LeaseInspection.com. The
joint company will retain the Collateral Specialists name.
Headquartered in Northern California with
operational offices in Texas and Pennsylvania, CSI is a leading provider of floor
plan and site inspections for the financial services industry. According to Jim Jennings, president of CSI, SiteCheck
Solutions’ expertise in the site inspection and lease inspection industry will enhance
CSI’s current service offerings. SiteCheck
performs inspections in all 50 states for banks, insurance companies and credit
reporting agencies, and offers web services to automate the ordering of
With three offices and more than 500
employees, CSI is already among the largest all employee based inspection
companies in the country. Over the next few
months, the company plans to expand to approximately 800 employees.
“There is a nice synergy between the two
companies with the potential that the whole can be greater than the sum of its
parts,” said Mr. Jennings. “SiteCheck
has built a tremendous team and we’re excited to welcome them into the CSI
CSI plans to service SiteCheck’s clients under
a newly formed SiteCheck Division to be based in the Salt Lake City area. Lance Black, CEO and founder of SiteCheck
Solutions, will join CSI in a consultancy position. Jim Ward of SiteCheck also will join CSI as
Operations Manager of the SiteCheck Division.
“We’re thrilled to join CSI,” said Mr. Black.
“With their support and long-standing
reputation in the field services industry, SiteCheck clients will directly
benefit from the increased economies of scale of the combined company.”
About Collateral Specialists Inc
Specialists, a privately held firm based in Novato, California, has been the
premier, nationwide provider of floor plan, SBA and site inspection services to
the financial community since 1995. For
more information about Collateral Specialists Inc, please contact Kevin Power
at 415-763-4214, firstname.lastname@example.org or visit www.csina.com.