Welcome To Value Recovery

CURRENT ENGAGEMENTS

VRG is currently directing a public-private sector partnership with the FDIC consisting of a portfolio of non-performing judgments, deficiencies and charge-offs. Of the 29 collection partnerships formed by the RTC/FDIC over the past decade VRG is ranked #1 by the FDIC in performance.

VRG is also a Managing Member of Global Recovery Group, LLC, which handles all claims management and recovery work for The Export-Import Bank of the United States related to under $20 million claims excluding long-term guarantees.

The Ohio Attorney General’s Office (the “OAG”) is the repository of archived debt comprised of unpaid claims and taxes owed to the State Treasury on behalf of 130 state agencies. These are distressed receivables between four and forty years old and have been deemed uncollectable. VRH is one of three contractors who collect upon this multi-billion dollar portfolio on behalf of the OAG.

VRH has created protocols for collection, settlement, litigation and closure of these files, establishing standards of diligent review. VRH’s skill and patience in pursuing all possible avenues of collection services provide not only higher than expected recoveries, but also the added value of providing the OAG with final and complete resolution of all related archive debt.

Our collection and compromise methodologies are exemplary. Given this current activity with the state of Ohio, VRH is one of less than 20 approved GSA contractors that currently are active in the collection of state personal, corporate and other forms of income tax.

VRG, along with the help of other partner operations, has created an organization (VRP) dedicated to the revitalization and redevelopment of areas known as “brownfields.” This business unit is geared to clean up abandoned industrial properties, landfills, railfields and waste disposal sites. The brownfields are then transformed into productive real estate, which not only addresses major environmental concerns, but also offers new development opportunities.

Many target properties, either municipality owned or abandoned, and have since been reclaimed by the local government. VRP works with partnering companies to clean up these properties according to EPA regulations and make them “shovel-ready.” The properties are then sold with high standards for development and construction design to protect the workplace investment. The local governments, and any companies invested in the clean-up process, receive profits from the ultimate dispositions.

VRP is proud to serve as Land Manager for the Central Ohio Community Improvement Corporation and has currently aided in the current redevelopment of a former brownfield in Central Ohio. This unique business campus, is Central Park of Gahanna.

In June of 2009 private investors affiliated with VRG of Columbus, OH, acquired the assets of Colorado Railcar Manufacturing to resume the production of the companies popular Diesel Multiple Units (DMUs). In February of 2010 the company name was changed from US Railcar, LLC to the Ohio Railcar Group, LLC. On February 18, 2010, US Railcar Company LLC was formed by Ohio Railcar Group and ARI of St. Charles, Missouri. US Railcar Company, LLC will serve as the operating company to accept orders and build the DMU railcars.

Formerly manufactured by Colorado Railcar, the DMU is a new modern self-propelled passenger train fully FRA compliant and ready for immediate revenue service on all regional and intercity rail lines across North America. Its sleek modern design will attract new riders, improve regional mobility and save millions of dollars in operating & maintenance costs over its lifetime. Its modern energy efficient drive train uses less fuel, is greener, and available in both single and bi-level platforms that are fully ADA compliant.