Longshore Capital Partners (“Longshore”) is pleased to announce the majority recapitalization of its portfolio company, MetaSource (the “Company”), with Eos Partners. Longshore will maintain a significant minority equity stake in the business and will retain representation on the Company’s Board. MetaSource, headquartered in Draper, UT, is a provider of technology-enabled business process outsourcing and digital transformation solutions.
MetaSource’s CEO, Adam Östhed, commented, “Our experience working with Longshore was extremely positive. The team was highly collaborative in developing a shared value creation plan, and with their help we were able to execute a key add-on acquisition and drive material performance improvements, creating meaningful value for all shareholders, including the management team.”
Under Longshore’s ownership, MetaSource executed on technology roadmap initiatives to drive organic growth and margin enhancements, completed a strategic acquisition, and built out its sales and marketing organization, while refining the Company’s go-to-market strategy. Ryan Anthony, Partner at Longshore, commented, “It was exciting to be a part of the value creation at MetaSource during our hold period. The management team has built an impressive business and we are looking forward to continuing to support the Company as it enters its next chapter of growth.”
Raymond James served as exclusive financial advisor to MetaSource.
If you have questions regarding this transaction or would like to discuss other business services-related opportunities, please contact Ryan Anthony or Nick Christopher of Longshore at (312) 237-3838.
About Longshore Capital Partners
Longshore Capital Partners is a middle-market private equity manager investing out of its inaugural $210 million fund. Longshore acquires control positions in services businesses in North America with $5 to $15 million of EBITDA. The firm has extensive experience partnering with founders and management teams in the lower middle-market and executes a systematic approach to creating shareholder value through a cooperative strategic plan.
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