Aldaron Partners and True Wind Capital announce that they have partnered to acquire DCM Services, LLC

San Francisco, CA, March 17, 2025 – Aldaron Partners (“Aldaron”) and True Wind Capital (“True Wind”) today announced that they have partnered to acquire DCM Services, LLC (“DCMS” or the “Company”), the industry leader in estate and specialty account recovery solutions.

For more than 25 years, DCMS has established itself as an industry leader by providing comprehensive account resolution solutions to businesses in financial services, healthcare, automotive, retail, telecommunications, and utilities. Leveraging its proprietary Probate Finder® technology and industry expertise, DCMS specializes in estate recovery, along with bankruptcy and specialty receivable services. Known for its client-first approach and commitment to compliance, the company is recognized for delivering exceptional client satisfaction and setting industry standards. DCMS’s executive team invested alongside True Wind and Aldaron in the transaction and remains singularly focused on the success of its clients.

Mike Rosenthal, CEO, DCMS, stated, “DCMS has always focused on maintaining the highest standards of compliance and fostering genuine partnerships with our clients. This partnership with True Wind and Aldaron marks an exciting new chapter in our growth. We look forward to leveraging their deep expertise and resources to continue building upon the strong foundation we've established.”

Sean Giese, Partner at True Wind Capital, commented, “DCMS’s industry-leading technology, commitment to compliance, and customer-centric approach sets them apart in the marketplace. We are excited to partner with their exceptional team and help the Company scale and enhance its offering in an evolving sector.”

Will Oberndorf and Amrit Saxena, Managing Partners of Aldaron Partners, added, “DCMS has built an exceptional business that combines compliance expertise with compassionate recovery solutions. We see a tremendous opportunity to support DCMS’s next phase of growth, improving upon their already very strong industry-leading platform. We look forward to collaborating with the management team to drive sustained growth and long-term success.”

Houlihan Lokey served as financial advisor to DCMS and Greenberg Traurig provided legal advice to the Company. Orrick provided legal advice to True Wind and Aldaron.  

About DCM Services
Minneapolis-based DCM Services is the industry leader in estate and specialty account resolution services, maximizing the value of client portfolios across financial services, healthcare, auto, retail, telecom and utilities industries through innovation and performance. Its recovery solutions offer a full range of services from proprietary web-based solutions to full outsourcing, maintaining an unmatched spectrum of innovative solutions that increase recoveries, protect brand value, and enhance survivor relationships – with respect and sensitivity.

About Aldaron Partners
Aldaron Partners is a San Francisco-based private equity firm dedicated to partnering with business services companies to drive strategic transformation, leveraging technology to improve operations and increase customer value. Aldaron brings a collaborative approach and works closely with management teams to unlock growth opportunities and build industry-leading businesses.

Learn more about Aldaron Partners.

About True Wind Capital
True Wind is a San Francisco-based private equity firm focused on partnering with management teams to build leading technology businesses in growing vertical markets in three primary sectors: Industrial Tech, Business Services & Compliance and Financial Services. True Wind seeks to maximize value creation and invests across the full range of transaction structures. Since its founding in 2015, True Wind has completed 14 platform investments and dozens of add-on acquisitions.

Learn more about True Wind Capital.

The Impact of Aging America on Debt Resolution and Probate's Role for Creditors

By Matt Rehnelt, Business Development Manager

Organizations in the United States are currently facing a critical issue: the growing challenge of unresolved debts, a situation made more complex by the country's aging population. This demographic shift not only hampers the financial management capabilities of older Americans but also introduces intricate probate-related complexities, significantly impacting creditors.

Understanding the Demographic Shift

It is imperative for organizations to comprehend the demographic shift that is America's aging. This well-documented trend, driven by factors such as increased life expectancy and the large cohort of Baby Boomers reaching retirement age, is set to significantly alter the country's demographic landscape by 2030. With many factors contributing to unresolved debts, this shift has profound implications for debt resolution within organizations.

As individuals age, they often face financial challenges such as reduced income from retirement funds and pensions, rising healthcare costs, and potential cognitive decline that can affect financial decision-making. These factors can lead to difficulties in managing debts owed to various organizations, including banks, healthcare providers, and service providers. Drafting a will with clear and detailed instructions for beneficiaries can help ease some aspects of the probate process.

Managing the probate process

Probate is the legal process for settling a deceased person's estate. It involves validating the will, paying debts, and distributing assets to beneficiaries. Probate is crucial for creditors as it determines whether outstanding debts will be satisfied from the deceased person's estate.

Creditors must navigate the probate process to recover debts owed to them by deceased individuals. The debt repayment order during probate typically prioritizes certain debts (e.g., funeral expenses, taxes) before other creditors receive payment. This hierarchy can affect the likelihood and timing of creditors receiving full or partial repayment. Probate proceedings can be lengthy and complex, involving legal fees, court hearings, and administrative tasks. This process can delay the resolution of debts owed to creditors, impacting their cash flow and financial planning.

The solvency of the deceased person's estate determines the extent to which creditors can be repaid. If the estate lacks sufficient assets to cover all debts, creditors may receive only a portion of what they are owed or nothing, depending on the circumstances.

Addressing the Challenge

Organizations can consider several strategies to navigate the challenges an aging population poses and the implications of probate for creditors. Early intervention, such as engaging older clients or customers to proactively address financial planning, including debt management and estate planning, can help prevent unresolved debts. Seeking legal expertise can also help navigate probate proceedings efficiently and maximize the chances of debt recovery from estates.

Leveraging technology and automation for debt collection and probate management can streamline processes, reduce administrative burdens, and improve communication with beneficiaries and legal representatives.

Conclusion

The intersection of America's aging population and unresolved debts presents significant challenges for organizations across various sectors. Understanding the implications of probate on creditor rights and implementing proactive strategies are essential steps toward managing these challenges effectively.

DCM Services can help streamline your organization's probate process, creating a comprehensive and efficient solution if you are facing challenges in this area. Our proprietary technology provides nationwide coverage of probated estate claim filing information in 3,215 separate counties and 3,400 separate courts. Contact us today to learn more!

Five Benefits of Outsourcing Estate Identification and Probate Processes for Creditors

By Matt Rehnelt, Business Development Manager

Creditors can find handling deceased accounts and navigating the probate process complex and time-consuming. Many creditors outsource their estate identification and probate processes to streamline operations and ensure compliance with legal requirements. This article explores why outsourcing can be advantageous, supported by industry sources and insights.

1. Expertise and Specialization

Outsourcing estate identification and probate processes to specialized firms or service providers ensures access to expertise in navigating complex legal and regulatory landscapes. These firms often have dedicated teams with deep knowledge of probate laws, estate administration, and asset recovery strategies. According to a report by Deloitte, outsourcing specialized functions allows organizations to leverage external expertise, leading to improved efficiency and compliance.

2. Cost Efficiency

Outsourcing can lead to significant cost savings compared to handling estate matters in-house. External providers typically operate on economies of scale, reducing overhead costs associated with staffing, training, and maintaining specialized software or databases. The American Institute of CPAs highlights cost reduction as a critical benefit of outsourcing estate administration, citing lower administrative costs and enhanced resource utilization.

3. Timely and Efficient Process

Outsourcing firms are equipped with streamlined processes and technologies that expedite the identification of deceased accounts, asset tracing, and probate filings. This ensures faster resolution and reduces the risk of delays in recovering outstanding debts. Industry studies show that outsourcing estate administration improves turnaround times for asset recovery and estate settlement, minimizing potential revenue loss for creditors (PwC).

4. Mitigation of Legal and Regulatory Risks

Professional estate administrators understand and adhere to stringent legal and regulatory requirements governing probate processes. By outsourcing, creditors can mitigate non-compliance risks, legal documentation errors, and regulatory penalties. The Consumer Financial Protection Bureau emphasizes the importance of compliance in handling deceased accounts, recommending outsourcing as a strategy to ensure adherence to regulatory standards.

5. Focus on Core Business Activities

Outsourcing estate administration allows creditors to refocus internal resources on core business activities such as customer service, debt recovery, and strategic planning. This enhances overall operational efficiency and supports long-term business growth. Harvard Business Review articles advocate outsourcing non-core functions to optimize organizational performance and maintain competitive advantage.

 Conclusion

Outsourcing estate identification and probate processes offer creditors numerous benefits, including access to specialized expertise, cost efficiency, timely resolution, risk mitigation, and enhanced focus on core business activities.

In the competitive financial sector, partnering with a reputable service provider like DCM Services streamlines the management of deceased accounts and positions creditors for long-term success. Embracing this strategic approach enables creditors to optimize their operations, enhance service delivery, and foster sustainable growth.

Understanding Inheritance Across Generations: What to Expect

By Matt Rehnelt, Business Development Manager

Inheritance, the passing down of assets and wealth from one generation to another, has significant implications for individuals and society at large. Each generation's expectations regarding inheritance are shaped by economic trends, societal changes, and personal circumstances. Let's explore what different generations can anticipate in terms of inheritance, based on current research and trends.

Baby Boomers (Born 1946-1964)

Baby Boomers, often considered one of the wealthiest generations due to economic prosperity during their working years, are poised to transfer substantial wealth to their heirs. According to a report by CNBC, Baby Boomers are expected to pass down about $68 trillion by 2043. This includes financial assets, real estate, and business interests accumulated over their lifetimes.

For Baby Boomers receiving inheritance themselves, the focus is often on financial stability in retirement and healthcare costs. Many expect to use inherited wealth to fund their retirement years or cover medical expenses, as Forbes notes the rising cost of healthcare for older generations.

Generation X (Born 1965-1980)

Generation X, sandwiched between the larger Baby Boomer and Millennial cohorts, faces varied expectations regarding inheritance. While some may receive inheritances sooner due to their parents' advanced age, others may have to wait longer as their Baby Boomer parents live longer and spend more on healthcare and retirement.

The Balance suggests that Generation X is likely to inherit from both their parents and possibly earlier than anticipated due to increased longevity. This generation is also known for being financially savvy and may prioritize investing inheritances to secure their own retirement or pass wealth down to their children, the Millennial generation.

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Millennials (Born 1981-1996)

Millennials, often viewed as the recipients of the largest intergenerational wealth transfer in history, have high expectations for inheritance despite economic challenges like student debt and lower homeownership rates. Business Insider highlights that Millennials may inherit about $68 trillion from Baby Boomers over the coming decades, potentially transforming their financial futures.

However, the distribution of wealth among Millennials is expected to vary widely. Those from wealthier families may receive substantial inheritances early, allowing them to invest in education, homeownership, or entrepreneurial ventures. Conversely, others may receive smaller inheritances later in life, impacting their ability to achieve financial stability.

Generation Z (Born 1997-2012) and Beyond

Generation Z and younger generations face a more uncertain inheritance landscape. With longer life expectancies and changing economic conditions, the timing and size of inheritances remain unpredictable. However, Investopedia notes that as societal shifts continue, inheritance laws and tax structures may evolve, impacting how wealth is transferred to future generations.

For Generation Z, the focus may be less on traditional inheritances and more on the equitable distribution of assets and wealth, as well as sustainable financial planning for the future.

Conclusion

Inheritance expectations vary significantly across generations, influenced by economic conditions, longevity, and personal circumstances. Baby Boomers are preparing to transfer substantial wealth, Generation X is poised to receive inheritances as their parents age, Millennials anticipate a historic transfer of wealth, and Generation Z faces a changing landscape with evolving inheritance norms.

Over the next 25 years, creditors must establish deceased claim processes to recover their debts due to the anticipated Great Wealth Transfer, in which an estimated $68 trillion will be inherited from the baby boomer generation. Implementing efficient processes ensures creditors can assert their claims against these assets. DCM Services and Probate Finder OnDemand® offer solutions to create and manage these necessary claim processes, allowing creditors to be recognized and compensated appropriately in the distribution of inherited wealth.

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DCM Services Names Steve Barker as Senior Vice President of Human Resources

Minneapolis, MN, November 8, 2023 – DCM Services, Inc. (“DCMS”), the industry leader in estate and specialty account recovery solutions, is pleased to announce the appointment of Steve Barker as Senior Vice President of Human Resources.

Steve has been a leader in Human Resources for over 20 years and brings expertise in aligning strategy, people, capabilities, and culture to deliver results and accelerate growth. He has held various leadership positions at top-tier organizations, most recently at Garda Capital Partners, Securian Financial, and U.S. Bank where he partnered with executive management and provided strategic HR solutions, aligned with business objectives, aimed to help achieve and exceed business goals. He has built his career in various HR leadership positions, evolving HR from traditional task-oriented operations to one focused on PEOPLE throughout their entire life cycle, from recruitment to retirement.

Michael Rosenthal, Chief Executive Officer of DCM Services commented, “Steve is an accomplished human resource leader who has proven to be innovative and a proactive advocate for employees. DCMS employees are critical to our success and I am thrilled to have him on board, and look forward to his enhancement of our HR strategy.”

About DCM Services

Minneapolis-based DCM Services is the industry leader in estate and specialty account resolution services, maximizing the value of client portfolios across financial services, healthcare, auto, retail, telecom, credit union, government, and utility industries through innovation and performance. Its recovery solutions offer a full range of services, from proprietary web-based solutions to full outsourcing, maintaining an unmatched spectrum of innovative solutions that increase recoveries, protect brand value, and enhance survivor relationships – with respect and sensitivity. For more information on all DCM Services’ offerings, please visit www.dcmservices.com.