M&A Deal Summary

BharCap Partners Acquires ARMStrong

On October 10, 2023, private equity firm BharCap Partners acquired business services company ARMStrong

Acquisition Highlights
  • This is BharCap Partners’ 1st transaction in the Business Services sector.
  • This is BharCap Partners’ 2nd transaction in the United States.
  • This is BharCap Partners’ 1st transaction in Illinois.

M&A Deal Summary

Date 2023-10-10
Target ARMStrong
Sector Business Services
Buyer(s) BharCap Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Lincoln International
William Blair (Financial)
Kirkland & Ellis (Legal)

Target

ARMStrong

Itasca, Illinois, United States
ARMStrong is specializes in receivable management solutions for insurance companies, including insurance premium audit and recovery, subrogation solutions, and third-party deductible identification and recovery. ARMStrong is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

BharCap Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2021
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BharCap Partners is a private equity firm focused on investments in the financial services industry. The Firm typically invests between $50 and $350 million per transaction in companies with EBITDA of $5 to $50 million. Specific areas of interest include wealth and asset management, insurance, financial technology, specialty finance, and tech-enabled business services. BharCap Partners was established in 2021 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 5
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Clarus Capital

Boston, Massachusetts, United States

Clarus Capital is a commercial finance company specializing in delivering efficient capital solutions to finance tangible assets for sponsor-backed borrowers. Clarus Capital was founded in 2021 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Insurvia

Las Vegas, Nevada, United States

Insurvia is an insurance services holding company with subsidiaries including Fiesta Insurance, a leading retail franchisor of insurance products and services with 70 franchisees operating 235 retail stores across nine states and a growing eCommerce platform, and bravo general, an MGA with an omnichannel distribution strategy serving the automotive market. Insurvia is based in Las Vegas, Nevada.

Buy -