Cadex Solutions Acquires DAL, Inc.

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!”