# Primeritus Financial Services, Inc

> Primeritus manages repossession, skip tracing, and remarketing for automotive lenders. Its independent recovery-agent network and IBEAM software connect collateral assignments, case updates, transport, auctions, and billing across the United States and Puerto Rico.

- **Founded:** 2012
- **Headquarters:** Nashville, United States
- **Founders:** Chuck Tapp (Co-founder; founding CEO), Phil Hanks (Co-founder; founding COO), Cam Hitchcock (Co-founder; founding Executive Chairman)
- **Products:** Repossession management, Skip tracing, Remarketing and title services, IBEAM, IBEAM Global Marketplace
- **Notable:** Acquired CARS in April 2019, its seventh add-on acquisition at that time., Announced completion of another SOC 2 Type II audit in February 2026., Built a national recovery-management offering using independent agents.

## Products & services

- **Repossession management** — National agent coordination, portfolio oversight, impound assistance, and transportation arrangements; advertised flat-fee model.
- **Skip tracing** — Investigative research to locate difficult-to-find borrowers and collateral; standalone or alongside recovery management.
- **Remarketing and title services** — Auction preparation, sale representation, online and physical channels, and title-related support.
- **IBEAM** — Web-based case management, communications, agent scoring, reporting, and invoicing. Added through the CARS acquisition.
- **IBEAM Global Marketplace** — Allows lenders to manage multiple forwarders with assignment-specific access.
- **Primeritus Specialized** — Recovery, skip tracing, and remarketing offering with IBEAM portfolio management for credit unions.

## Achievements

- Acquired CARS in April 2019, its seventh add-on acquisition at that time.
- Announced completion of another SOC 2 Type II audit in February 2026.
- Built a national recovery-management offering using independent agents.

## Latest updates

- **2026-07** — Published its Mid-Year Auto Finance Outlook following a June discussion with CEO Jennifer Turnage and Cox Automotive economist Jeremy Robb.
- **2026-04** — Published a recovery-to-remarketing discussion on bottlenecks, transport, keys, and storage costs.
- **2026-02** — Announced SOC 2 Type II attestation following a KirkpatrickPrice audit.
- **2025-12** — Announced Jeremy Hester as Senior National Strategic Sales Executive.

## Links

- Website: https://www.primeritus.com/
- LinkedIn: https://www.linkedin.com/company/primeritus-financial-services-inc
- Twitter/X: https://twitter.com/primeritus
- Facebook: https://facebook.com/primeritusfinancialservices/

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Profile page: https://yespress.io/primeritus-financial-services-inc
Published by YesPress — https://yespress.io
Last updated: 2026-10-16