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TaxBreak Announces Acquisition of TaxBreak Solutions
Purchase Solidifies TaxBreak’s Position as Largest Independent Tax Credit Processor
Gadsden, AL—TaxBreak, the leading expert and outsourced processor of government tax credits, announced today that it has acquired TaxBreak Solutions, an independently-run group of master sales agents. The acquisition and merger of the firms establishes TaxBreak as the nation’s largest independent tax credit processor with approximately 75,000 client locations, and expands the company’s national sales presence.
TaxBreak’s acquisition of TaxBreak Solutions reaffirms its commitment to customer service and company growth by more closely aligning the agent team with the corporate entity. This will enable the agents to better service clients who reside in their territory and gives the agents direct access to company management. “In addition to growing our national presence, we believe the acquisition will allow us to provide better support to existing clients. With agents present in 46 states, TaxBreak has more widespread market coverage in case a client were to immediately need a company representative onsite,” stated Shannon Scott, TaxBreak President.
TaxBreak Solutions has historically functioned as a recruiting firm assembling agent teams for a number of companies including TaxBreak. However, in recent months, the company’s core focus has shifted from recruiting new agents to leading and managing the large team of agents it has assembled for TaxBreak. Charles Thompson, formerly with TaxBreak Solutions, will join the TaxBreak team as Vice President of Channel Partnerships and is looking forward to renewing his focus on recruiting the best sales talent. “TaxBreak’s leadership team is dynamic and visionary, and their ability to lead and manage the sales team will allow the agents to be more productive. It will also give me the ability to increase the number of highly-talented agents in field,” said Thompson.
“TaxBreak Solutions has done an excellent job assembling a group of key individuals to represent TaxBreak,” added Scott. “With the merger, not only do we gain a team of recruiters that have exceptional ability in identifying qualities of highly effective sales agents, but we also obtain the ability to focus on fulfilling even stronger relationships with new and existing agents.” The ability to continue recruiting at this level is essential to our success as we continue to expand the company.”
The addition of TaxBreak Solutions’ sales force and client base allows TaxBreak, with more than 100 partners and 100 sales agents, in addition to its proprietary software, to position itself for continued rapid growth. The company expects to double the number of agents in field and to expand its presence from 46 states to all 50 states by 2010.
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