Two WNY Collection Agencies Merge

June 17, 2013 Updated Jun 17, 2013 at 9:21 AM EDT

By Allissa Kline, Buffalo Business First Reporter- Business First

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Two WNY Collection Agencies Merge

June 17, 2013 Updated Jun 17, 2013 at 9:21 AM EDT

Two debt collection agencies in Western New York are merging.

Greystone Alliance LLC and Turning Point Capital will now be known collectively as Greystone Alliance LLC, according to a news release.

Greystone was founded in 2009 by Anthony Frisicaro. Turning Point, founded by Jack and Bob Manley, has been in operation since 2010.

The Frisicaro family will have controlling interest in the company. Terms of the deal were not disclosed.

The newly formed business will be based at Greystone's current offices at 33 Dodge Road in Getzville. Company leaders say the space can accommodate more than 200 workers.

Right now, the combined staff totals 65, officials said.

Frisicaro founded Account Solutions Group in Amherst in 1995 and later sold the company to ICICI-OneSource in India. Bob Manley formed US Appraisal Inc. in 1989 and sold it in 2001 to TransUnion.

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