To all Customers and Agents:
On June 30, 2017, an affiliate of investment fund Delaware Street Capital (DSC) purchased PRA Location Services. As a result of this purchase, going forward, PRA Location Services will now be known as Pathfinder Services.
In the near term, we do not foresee any material changes to business operations with all existing business services and activities being provided as they had been prior to the purchase. Pathfinder Service’s operations will continue to be headquartered in Folsom, CA.
We are commitment to keeping “business as usual” and are confident that all Pathfinder Services employees will continue to provide the premium level of customer service and support that the market has come to expect.
Moving forward, DSC has the financial strength and business leadership acumen to support existing Pathfinder Services projects and any potential future expansion into new market segments. Under new ownership, the Company will continue to be laser-focused on our customers.
We will continue to focus on the core business including LPR network expansion and continued growth in the skip, forwarding, and transport business segments. We believe this growth will present many future opportunities and improve our total value proposition to our customers, including lenders and agents alike. Pathfinder Services recognizes its existing commitments to the repossession agent network and supports the development of new programs that will benefit the industry and its agents.
We thank you all for your continued support in making Pathfinder Services a driving force in the industry.