Longshore Capital is pleased to announce that it has completed a strategic investment in Professional Recovery Consultants (“PRC” or the “Company”), a leading revenue cycle management services provider. PRC, founded in 1979 and based in Durham, NC, has grown into a leading provider of services to hospitals, physician groups, and other constituents in the healthcare industry as well as governments, utilities, and financial services clients.
“We are extremely pleased to have Longshore Capital lead the next chapter of growth for Professional Recovery Consultants. We are confident that we found the right steward for the business who will continue to keep our customers’ and employees’ best interests in mind,” commented the President of PRC, Geoff Miller.
“Longshore is the perfect partner to help expand the business to meet the ever-changing needs of our customers and to advance the innovative solutions that our customers depend on. They have an in-depth understanding of collections businesses, supported by their previous investments in Receivables Management Partners and Brown & Joseph,” Miller added.
Ryan Anthony, Partner at Longshore Capital, commented, “The team at PRC has built an impressive business and achieved substantial organic growth. We look forward to working with the team to help accelerate the expansion of the business through investments in people and technology as well as strategic add-on acquisitions.”
If you have questions regarding this transaction or would like to discuss other opportunities in the technology-enabled business services industry, please contact Ryan Anthony or Nick Christopher of Longshore Capital 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 focuses on control positions in services businesses in North America with between $5 million and $15 million of EBITDA. The team has extensive experience partnering with founders and management of businesses in the lower middle-market and brings a systematic approach to creating shareholder value by helping to execute on a shared strategic plan.
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