Incline Equity Partners has sold ARMStrong Receivable Management to BharCap Partners
ARMStrong Receivable Management
Based in Itasca, Illinois, ARMStrong Receivable Management is North America’s leading provider of commercial business-to-business accounts receivable management and related services. Specializing in insurance services, ARMStrong’s offerings include third- and first-party receivables management, insurance premium audits, subrogation and third-party deductible identification and recovery services. The company leverages a proprietary, cloud-based technology platform that integrates with client systems to deliver high-quality, effective and innovative solutions to clients across numerous industries, including insurance, technology, transportation and business services. Since partnering with Incline Equity Partners in 2019, ARMStrong has completed nine strategic acquisitions which have expanded its service offerings, customer base and end markets served. In addition, meaningful investments have been made in technology, operational infrastructure and key personnel to drive market-leading performance and customer satisfaction while supporting the company’s organic and inorganic growth strategies.
The Deal
Lincoln International served as the lead financial advisor to ARMStrong and its shareholders on the transaction, leveraging its financial and insurance services expertise and buyer relationships to market the business. Through this process, BharCap Partners was identified as an ideal partner for management as they continue to drive growth and market leadership.
Our Perspective
Alex Ring, Lincoln International Managing Director who led the transaction, commented, “It has been fascinating to witness the growth and evolution of ARMStrong since Incline’s initial investment. ARMStrong is a one-of-a-kind platform in the commercial accounts receivable management industry with a unique set of highly complementary and technology-enabled capabilities which provide clients with a compelling value proposition. The company was a perfect match with our financial and insurance services capabilities, and we are thrilled to have had the opportunity to work with Incline and the talented team at ARMStrong on this deal.”
Jay Bliley, Lincoln International Managing Director, commented, “BharCap was identified as a unique partner through their commitment to working with Incline to meet their goals while leveraging deep insurance industry expertise to support Mike and the team on an exciting growth plan.”
Incline Equity Partners
Incline, headquartered in Pittsburgh, is a private equity firm that invests 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.
BharCap Partners
BharCap is a private investment firm that invests in businesses across the financial services industry including insurance distribution and insurance services, asset and wealth management, financial technology and tech-enabled business services and specialty finance. BharCap is a minority-owned and controlled firm and members of the BharCap team have been involved, as both an investor and an operator, with investments in numerous financial services companies totaling in excess of $1.3 billion of equity capital.
The Lincoln team was a true partner throughout the transaction process, securing a strong outcome for all stakeholders through their expertise and tireless efforts. ARMStrong has and will continue to remain focused on providing our clients with the best possible outcomes and customer experience through numerous innovative solutions aimed at optimizing their cash flow. We look forward to our partnership with BharCap and their support of our mission and growth plan.
Meet our Senior Team
The transactions we work on are often trajectory-altering, with high stakes and pressure to get it right. We know our work, however challenging in the moment, is going to be impactful.
Mike Iannelli
Managing Director & Co-head of Business Services
Chicago
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.