Investment banker Zenkel Schoenfeld LLC this week announced plans to acquire Global Credit Services (GCS), a boutique financial services firm and provider of Internet-based business credit information and credit risk management software.

Zenkel Schoenfeld expects the acquisition will help further its growth in the credit-scoring marketplace. The company anticipates the growth will be led by GCS's Premium Insight service, which provides credit ratings, as well as its new ARMZ credit scoring product (its latest version launched last November). The deal is expected to close next month.

Zenkel Schoenfeld partners Lester Schoenfeld and Dorothy Serdenis will take active roles in the new company. Schoenfeld will serve as chairman of the board, while Serdenis will become the chief operating officer. Gerry Delisle, GCS's co-founder, will remain with the company as chief executive officer.

This should be a worthwhile endeavor for all parties. Zenkel Schoenfeld will instantly increase its stature in the credit scoring space, while GCS will gain the capital it needs to grow in such a competitive marketplace. Look for both Premium Insight and ARMZ to become more robust offerings in this space as the newly combined company begins to build the foundation for a solid future.