Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the acquisition of Brown & Joseph (“B&J” or the “Company”), a leading provider of commercial accounts receivable management services primarily focused on insurance end markets.
Based in Itasca, IL, B&J specializes in B2B third-party collection services while also providing first-party collections and insurance premium audits. The Company has earned a winning reputation within the commercial debt collection industry by delivering high quality, effective and innovative solutions to its customers. The Company’s proven approach to the recovery process delivers market leading performance for its customers which drives strong retention and growth with existing customers.
“This is a sector we know well from an earlier investment we made in Receivable Management Services Corporation, a global supplier of recovery services,” said Leon Rubinov, Senior Partner with Incline. “We plan to leverage our prior experience to support further growth at the Company. We are excited to back an impressive management team that has a strong track record of success.”
Mark Schabel, CEO at B&J, commented, “Working with Incline provides the opportunity to continue to achieve the meaningful growth we have experienced so far while expanding our capabilities to serve existing and new customers. Incline brings the resources and knowledge needed to tackle strategic initiatives like adding new service lines for existing customers, developing an approach to enter new markets and pursuing add-on acquisitions.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $300 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Incline Management, L.P. (“IMLP”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMLP provides investment advisory services only to privately offered funds. IMLP does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.