APAC Customer Services, Inc. (APAC), announced that it was acquired by One Equity Partners or OEP, the private investment arm of JPMorgan Chase & Co.
APAC stated that its stockholders were paid $8.55 per share in cash by One Equity Partners, which represents a premium of about 57% over APAC's closing share price on July 6, 2011, the last trading day prior to the announcement of the transaction.
One Equity Partners is the majority owner of NCO Group, Inc., a global provider of business process outsourcing services. As previously disclosed, OEP intends to continue to seek to combine APAC with NCO Group to build market leadership in business process outsourcing and customer care solutions.
Kevin Keleghan, APAC's President and CEO, commented, "OEP's acquisition of APAC has been well received and supported by our customers and our people. We are proud of the great company and shareholder value that we have built, and we appreciate the support of our Board and shareholders."
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