Ridgefield Park billing company buys Illinois business

OSG Billing Services has completed its acquisition of Diamond Communication Solutions, a full-service provider of data-driven customer communications, headquartered in Carol Stream, Illinois.

Diamond will continue to be run by the current management, led by CEO Mark Peterson and President Greg Waite.

The transaction strengthens Ridgefield Park’s OSG in technology-driven, transactional and customer communications solutions.

“The Diamond acquisition positions us as a leader in the health care market, further strengthens our presence in the financial services market and expands our business services offerings,” said OSG Chairman and CEO Scott W. Bernstein. “With over 500 employees and strategically-located facilities across the country, Diamond increases our scale and offers solid opportunities for further growth and innovation.

“Diamond is a natural fit for OSG culturally and operationally. By joining forces, we have a tremendous opportunity to create value for our customers, partners and employees,” he added.

“We are pleased to be a part of the OSG family,” said Peterson. “This acquisition is a significant step forward for us and enables our two companies to combine our technologies and expertise to provide added value to our customers and offer enhanced products to the marketplace. We are looking forward to this next phase in our company’s growth.”