M&A Deal Summary

Revco Solutions Acquires Professional Recovery Consultants

On October 23, 2020, Revco Solutions acquired business services company Professional Recovery Consultants from LaSalle Capital

Acquisition Highlights
  • This is Revco Solutions’ 1st transaction in the Business Services sector.
  • This is Revco Solutions’ 1st transaction in the United States.
  • This is Revco Solutions’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2020-10-23
Target Professional Recovery Consultants
Sector Business Services
Buyer(s) Revco Solutions
Sellers(s) LaSalle Capital
Deal Type Merger

Target

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.

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Buyer(S) 1

Buyer

Revco Solutions

Columbus, Ohio, United States

Category Company
Founded 1948
Sector Business Services
DESCRIPTION

Revco Solutions 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. Revco Solutions was founded in 1948 and is based in Columbus, Ohio.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 2
Type: Merger M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 ARMC Financial Services

Oradell, New Jersey, United States

ARMC Financial Services is a healthcare revenue cycle management company that specializes in denials management, helping hospitals collect revenue that is improperly denied by insurance carriers. ARMC Financial Services was founded in 1989 and is based in Oradell, New Jersey.

Buy -

Seller(S) 1

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 29 of 33
Sector: Business Services M&A 10 of 11
Type: Merger M&A Deals 2 of 2
State: North Carolina M&A 2 of 2
Country: United States M&A 27 of 31
Year: 2020 M&A 4 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
2020-11-06 NGC US

Crystal Lake, Illinois, United States

NGC US LLC is a provider of prepaid payments and secure gift card fulfillment solutions for loyalty, rewards, and incentive programs. The Company sources and delivers 500+ brands of physical and digital gift cards across the United States, Canada, and Europe using the industry’s highest levels of security, quality, and speed. NGC US was founded in 2004 and is based in Crystal Lake, Illinois.

Sell -