DISTRESSED ASSET INVESTORS
3550 Engineering Drive | Suite 220 | Peachtree Corners, Georgia 30092 | (877) 681-6730
Target Criteria & Investment Strategies
Portfolios
Distressed
commercial & consumer receivables and mortgages
Remnant Assets
Liquidation of financial services or special lending companies, remnant assets of bankrupt or insolvent companies
Real-Estate
Distressed residential lots, commercial tracts, undeveloped land
Medical & Legal
Performing and non-performing Plaintiff advances, medical liens
Titan and its management team invest in distressed financial services companies and related assets, including the following:
About Us
Titan purchases distressed financial assets from insolvent and bankrupt companies.
We routinely work with Receivers, Bankruptcy Trustees, Plan Administrators and Lender/Investor Groups to monetize residual assets for the benefit of investors and creditors. Titan can also facilitate the final liquidation of receiver and bank trustee assets.
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We purchase:
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Performing and non-performing commercial and consumer receivables
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Non-performing judgments of all types
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Ponzi scheme ‘Net Winner’ claw-back claims
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Claims for fraudulent conveyance of company assets
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Viatical settlements
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Owner and debtor personal guarantees
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Other lingering claims and awards
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Non-paying commercial receivables
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Distressed mortgages and HELOCs
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Distressed residential lots and real-estate
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Performing and uncollectible plaintiff cash advances and medical liens
Investment History
Established in 2018, Titan's management team has been together for over two decades and has over 60 years of combined experience in distressed asset investing and are respected industry leaders.
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Prior to Titan, the management team established, operated, and sold two consumer debt purchasing and collection companies: Worldwide Asset Purchasing and Galaxy Asset Purchasing.
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Worldwide was founded in 2000 and quickly grew to one of the top 5 companies in the debt buying industry, spending an average of $150 million annually to purchase non-performing consumer obligations, and employing 900. The company was sold in 2004, returning over $150 million to the investor group.
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Galaxy was formed in 2007 to purchase distressed commercial and consumer receivables in the U.S. and Mexico. The company quickly established a leading position in the market, employing 275. The company was successfully sold in 2018 and generated $70 million to the investors.
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Most recently, Titan was engaged by an investor group to assume control of a failed specialty lending company. After taking inventory of the portfolio and assessing market value, Titan successfully liquidated over $250 million for the investors through a combination of asset sales and Titan's purchase of the residual assets.
Our Team
Tye Hanna
CEO/President of Titan Asset Management
- co-founded in October of 2018
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From June 2007 – 2018, Mr. Hanna was the CEO/President of Galaxy Asset Management, which he co-founded in October 2007 and subsequently sold in 2018.
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Prior to Galaxy, Mr. Hanna joined the Worldwide companies in 1998 as VP, Operations for Worldwide Capital. By 2001 he became the President of Worldwide Asset Management, LLC (WAM) and National Asset Management Enterprises, Inc. (NAM). WAM was a start-up operation focused on collection and debt purchasing.
Under Mr. Hanna’s leadership, WAM grew to over 900 employees and revenues in excess of $100 million, all within 3 years. In 2004 WAM and NAM were sold to West Corporation and Mr. Hanna assumed the role of EVP, Debt Purchasing for West Asset Management.
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Prior to joining the "Worldwide Companies", Mr. Hanna was employed by Cox Enterprises (1991-1998) as the Director of Financial Reporting and Assistant Controller for Cox Radio. He was responsible for financial reporting, accounting, and acquisition due diligence.
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Upon graduating from college, Mr. Hanna was a senior auditor with Ernst & Young (1988-1991) focusing on small to medium business operations.
Mr. Hanna is an honors graduate of the University of Florida’s Fisher School of Accounting and is a Certified Public Accountant.
Ken Hurt
CFO/Corporate Counsel/EVP of Titan Asset Management
- co-founded in October of 2018 with Mr. Hanna
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In October 2007, Mr. Hurt co-founded Galaxy Asset Management, LLC (GAM) with Mr. Hanna and assumed the role of Executive Vice President and CFO. The agency focused on the purchase of distressed consumer debt. GAM was sold in 2018.
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From 2004–2006 he was the CFO of West Asset Management, LLC.
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Prior to West, in 1999, Mr. Hurt joined the Worldwide group of companies and became CFO of Worldwide Asset Management (WAM) and National Asset Management (NAM) in 2001. WAM and NAM were purchased by West Corporation for $190 million.
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Before his involvement with WAM, NAM, West, Galaxy, and Titan, Mr. Hurt worked in public accounting for 14 years with Deloitte & Touche and Ernst & Young. His concentration was on taxation matters and merger/acquisition transactions.
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Mr. Hurt is an honors graduate of Georgia State University with a bachelor and masters degree in accounting.
Mr. Hurt is a J.D. honors graduate of the Mercer School of Law and has an LLM in Taxation from Emory University School of Law.
Mr. Hurt is also a Certified Public Accountant, Chartered Financial Analyst, and a member of the State Bar of Georgia.
Contact Us
3550 Engineering Drive
Suite 220
Peachtree Corners, GA 30092
Tel: 877-681-6730