Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce the sale of ARMStrong Receivable Management (“ARMStrong” or the “Company”), a leading provider of commercial accounts receivable management and related insurance services. Incline partnered with the Company in June 2019.
Based in Itasca, IL, ARMStrong offers commercial accounts receivable management services and complementary offerings, including premium audit and first party receivables management, subrogation and third-party deductible identification and recovery. The Company leverages a proprietary, cloud-based technology platform that integrates with client systems to deliver high quality, effective and innovative solutions to a diverse set of customers nationwide.
“With Incline’s partnership, we strategically repositioned the business which allowed us to realize exceptional growth,” said Mike Baldwin, CEO of ARMStrong. “We completed and integrated nine acquisitions, meaningfully expanding our service offerings, customer base and end markets served.”
“By concentrating on M&A and alignment of sales efforts across our entire range of services, we significantly accelerated revenue growth through accessing previously untapped markets,” said Leon Rubinov, Senior Partner at Incline. “To sustain that level of growth, we also invested in back-end systems and key senior hires. We are proud to have supported the talented team at ARMStrong.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in distribution, business services and manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Disclaimer:
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.
