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  6. Longshore Capital Partners Acquires Metasource

M&A Deal Summary

Longshore Capital Partners Acquires Metasource

On August 31, 2020, private equity firm Longshore Capital Partners acquired business services company Metasource from LaSalle Capital and Promus Equity Partners

Acquisition Highlights
  • This is Longshore Capital Partners’ 3rd transaction in the Business Services sector.
  • This is Longshore Capital Partners’ 5th transaction in the United States.
  • This is Longshore Capital Partners’ 1st transaction in Utah.
Investment Fate
  • Metasource was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2020-08-31
Target Metasource
Sector Business Services
Buyer(s) Longshore Capital Partners
Sellers(s) LaSalle Capital
Promus Equity Partners
Deal Type Secondary Buyout

Target

Metasource

Draper, Utah, United States
Metasource is a provider of technology-enabled BPO services with a focus on the financial services, healthcare, and retail industries. MetaSource offers a full range of services, including document processing, customer care, and content management solutions delivered via premise-based and SaaS-based platforms designed to help customers achieve organizational efficiencies, cost savings, and other strategic benefits. Metasource was founded in 2007 and is based in Draper, Utah.

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Buyer(S) 1

Buyer

Longshore Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 210M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Longshore Capital Partners is a private investment firm focused principally on the services sector. The Firm targets control positions in profitable ($5 to $15 million of EBITDA) lower middle-market companies with up to $100 million in revenue and will consider opportunities throughout North America. Longshore prefers companies with growth and high levels of recurring revenue. Longshore Capital Partners was formed in 2020 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 5 of 8
Sector: Business Services M&A 3 of 3
Type: Secondary Buyout M&A Deals 3 of 3
State: Utah M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Eclipse Advantage

Melbourne, Florida, United States

Eclipse Advantage is a provider of outsourced supply chain workforce solutions specializing in servicing warehouses and distribution centers. The company partners with Fortune 1000 companies and small businesses to help them improve supply chain productivity and efficiency. Eclipse Advantage provides a comprehensive suite of labor services in more than 150 locations across the US and Canada, and focuses on a wide array of end markets. Eclipse Advantage was founded in 2003 and is based in Melbourne, Flordia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Stuzo

Philadelphia, Pennsylvania, United States

Stuzo is a provider of loyalty and payments technology solutions for everyday spend retailers, primarily in the fuel and convenience store industries. Stuzo’s Open Commerce product suite consists of: Activate for Intelligent 1:1 Loyalty, Transact for Contactless Commerce, and Experience for Modern Digital Storefronts. Stuzo was founded in 2005 and is based in Philadelphia, Pennsylvania.

Buy -

Seller(S) 2

SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.

DEAL STATS #
Overall 28 of 32
Sector: Business Services M&A 9 of 11
Type: Secondary Buyout M&A Deals 10 of 12
State: Utah M&A 1 of 1
Country: United States M&A 26 of 30
Year: 2020 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Eclipse Advantage

Melbourne, Florida, United States

Eclipse Advantage is a provider of outsourced supply chain workforce solutions specializing in servicing warehouses and distribution centers. The company partners with Fortune 1000 companies and small businesses to help them improve supply chain productivity and efficiency. Eclipse Advantage provides a comprehensive suite of labor services in more than 150 locations across the US and Canada, and focuses on a wide array of end markets. Eclipse Advantage was founded in 2003 and is based in Melbourne, Flordia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-23 Professional Recovery Consultants

Durham, North Carolina, United States

Professional Recovery Consultants is a revenue cycle management company serving hospitals, physician groups, and other constituents in the healthcare community and to a limited extent, governments, utilities, and retailers. Professional Recovery Consultants is based in Durham, North Carolina.

Sell -
SELLER

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 7
Sector: Business Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 6
State: Utah M&A 1 of 1
Country: United States M&A 3 of 7
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 Ellison Bakery

Fort Wayne, Indiana, United States

Ellison Bakery is a producer of cookies, snack bars, crunch and inclusion, and other products for the industrial market, foodservice industry, and retail and private label space. Ellison Bakery was founded in 1945 and is based in Fort Wayne, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Anything Possible

Springfield, Missouri, United States

Anything Possible Brands is a supplier of innovative fishing tackle. Anything Possible products are span from rods, reels, and combos to fishing lures, apparel, and accessories. Our brands and licenses target a wide group of anglers from children to teens, young adults to elderly and recreational anglers to avid anglers. Anything Possible was founded year 2012 and is based in Springfield, Missouri.

Buy -
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