ProVest, a portfolio company of Prairie Capital, has been sold to Nonantum
Lincoln is pleased to announce that ProVest, a portfolio company of Prairie Capital, has been sold to Nonantum.
Lincoln acted as the exclusive financial advisor to ProVest LLC (ProVest), working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Jim Ward, CEO of ProVest commented, “Lincoln’s senior-led team worked hand-in-hand with us from start to finish, and took the time to really understand ProVest’s business and what makes the company unique, expertly telling the company’s story throughout the process, and generating incredible enthusiasm from the marketplace.”
Ward further expressed ProVest’s excitement to partner with Nonantum Capital Partners (Nonantum), stating “We are thrilled to partner with Nonantum as we embark on the next phase of our growth and are grateful to our friends at Prairie for their tremendous support.”
Chris Killackey, Partner at Prairie Capital said, “Lincoln served as a trusted advisor to us and the ProVest team throughout the entire process. We are thrilled with the outcome of this transaction and look forward to witnessing the company’s continued success with Nonantum as their new partner.”
David Ganitsky, Managing Director at Nonantum commented, “ProVest has established itself as a market leader over nearly three decades, and we look forward to partnering with Jim and his team to build on that strong foundation. In addition, the entire Lincoln team was fantastic to work with – responsive, professional, and collaborative.”
Headquartered in Tampa, FL, ProVest is the market-leading provider of service of process and related services to law firms for foreclosure and debt collection proceedings. The company’s vendor-managed network of agencies and individual process servers spans the United States, providing extensive local presence in all 50 states, unmatched flexibility and best-in-class successful service rates.
Terms of the transaction were not disclosed.
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