2015

  • Purchases majority position in RCB Investimentos, Brazil's leading NPL master servicing platform
  • Expands Insolvency Investment Services with entry into German insolvency market
  • Recognized for Global M&A Deal of the Year in the M&A Atlas Awards for acquisition of Aktiv Kapital AS
  • Expands Norfolk, Virginia, headquarters to support long-term growth fueled by entry into new international markets

2014

  • Named one of Fortune's 100 Fastest-Growing Companies for third consecutive year
  • Named one of Forbes Best Small Companies in America for eighth consecutive year
  • Acquires Aktiv Kapital AS, a leader in acquiring and servicing non-performing consumer loans throughout Europe and Canada. See Our History
  • Expands focus on global consumer protection law compliance with appointment of Chief Compliance Officer
  • Acquires U.K. Individual Voluntary Arrangements platform and other assets from Pamplona Capital Management

2013

  • Posts record net income from record revenues, customer cash collections of more than $1 billion, and record levels of debt buying
  • PRAA included in Barron's 400 Index of most fundamentally sound and attractively priced stocks for second consecutive year
  • Issues $287.5 million in convertible senior notes
  • Announces 3-for-1 PRAA stock split by means of a stock dividend
  • Credit Collections & Risk awards PRA U.K. Credit Excellence Award in Compliance
  • Opens seventh U.S. call center in North Richland Hills, Texas, exiting all offshore management of U.S. accounts
  • CCB becomes a wholly owned company of PRA

2012

  • Begins to acquire and service secured bankruptcy debt upon acquisition of National Capital Management assets
  • Expands into U.K. consumer debt buying and contingency collections with acquisition of Mackenzie Hall

2011

  • Opens sixth call center in Birmingham, Alabama
  • Launches U.S. consumer ombudsman and complaint resolution center websites
  • Partners with Financial Education & Literacy Advisers (FELA) on U.S. consumer education
  • Expands class action claims purchasing services with CCB

2010

  • Diversifies into class action claims servicing with acquisition of controlling interest in CCB
  • Raises $72 million through PRAA common stock issuance
  • Opens fifth call center in Las Vegas

2008

  • Expands local government revenue-enhancement services with acquisitions of MuniServices and Broussard Partners & Associates (BPA)
  • Exits U.S. contingency collections business

2006

2005

  • Enters local government revenue-enhancement market with acquisition of Revenue Discovery Systems (RDS) in Birmingham, Alabama

2004

  • Diversifies U.S. portfolio into acquisition and servicing of bankruptcy claims
  • Enters vehicle location services business with acquisition of IGS Nevada (now PRA Location Services)

2003

  • BusinessWeek recognizes PRA as a 100 Best Small Company and 100 Hot Growth Company
  • Opens third call center in Hampton, Virginia

2002

  • Inc. magazine recognizes PRA as one of 500 Fastest-Growing Companies
  • IPO to launch Portfolio Recovery Associates, Inc. as a publicly traded company on NASDAQ under ticker symbol PRAA

2000

  • Opens second call center in Hutchinson, Kansas

1999

  • Establishes headquarters in Norfolk, Virginia

1996

  • Portfolio Recovery Associates, LLC cofounded by current PRA Group CEO Steve Fredrickson and current President Kevin Stevenson