Collateral Specialists (CSI) and SiteCheck Solutions announced an agreement for CSI to purchase the assets of SiteCheck Solutions, including LeaseInspection.com. The joint company will retain the Collateral Specialists name.

“There is a nice synergy between the two companies with the potential that the whole can be greater than the sum of its parts,” said Jim Jennings, president of CSI. “SiteCheck has built a tremendous team and we’re excited to welcome them into the CSI family.”

CSI plans to service SiteCheck’s clients under a newly formed SiteCheck Division to be based in the Salt Lake City area. Lance Black, CEO and founder of SiteCheck Solutions, will join CSI in a consultancy position. Jim Ward of SiteCheck also will join CSI as operations manager of the SiteCheck division.

Headquartered in Northern California with operational offices in Texas and Pennsylvania, CSI is a provider of floor plan and site inspections for the financial services industry. SiteCheck performs inspections in all 50 states for banks, insurance companies and credit reporting agencies, and offers web services to automate the ordering of inspections.