A & M Recovery (A&M), of Starke, FL, is reportedly ending field service operations in Tennessee. Unconfirmed reports point to North Carolina and South Carolina being exited as well. This is being reported by a long term Industry Contractor in East Tennessee. A call placed to A&M Recovery for a formal statement only obtained this,
I am sorry, but I am not allowed to release that information. You will need to call back and speak with the owner [Andrew Strickland] in the morning.
My presumption is that this is predominately a restructuring move on A&M’s part, if confirmed, by Strickland tomorrow. Regardless, and as we earlier reported, Safeguard Properties (SGP) is dealing with several large Players transitioning out of Tennessee. If I was a betting man I would place odds on Precision Field Services (PFS) stepping in to fill a good portion of the void. We will reach out to PFS tomorrow.
Follow up: We received an email from a person purporting to be Andrew Strikland, owner of A&M Recovery today. He requested that we note, “fl, al, ga, nc, sc, tn, ms” are covered by A&M. We requested the opportunity to expand upon our Article to reflect the position of A&M; to show the Company’s Position with respect to Contractor Claims. If this is forthcoming, we will be sure to report on it here first!