Apex Analytics, Inc.

The Story

Apex Analytics, Inc. is a leading provider of technology-enabled recovery audit services to leading retailers and Fortune 1000 companies. Services include vendor risk analysis, commercial and retail recovery, freight compliance, and sales and use tax audit recovery.

Transaction Dynamics

A partnership with management to acquire the company from a private owner.   The founder and key members of management reinvested proceeds into the transaction.

Investment Thesis

  • Market leader in multiple niche segments
  • Strong recurring revenue and client base, including more than one-third of the Fortune 1000
  • Significant reinvestment from highly experienced management team
  • Multiple avenues for organic growth, including scope expansions, increased market adoption and penetration, and international growth
  • Highly scalable business model with significant opportunity to improve productivity and processes

Incline Value Enhancement

  • Implemented cost reductions resulting in $2.5 million of annual savings
  • Realigned leadership to better suit company’s strategy
  • Improved audit productivity and efficiency of back-office operations
  • Worked with management to create new performance and productivity metrics, including weekly monitoring metrics

Headquarters

Greensboro, NC

Industry

Business Services

Investment Date

April 2009

Status

Realized

Fund

II

Incline’s investment allowed us to build upon our core strengths, further extend our product line, and continue to deliver outstanding service and performance levels. Steve Yurko, Chief Executive Officer

Please read our Regulatory Information

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