Longshore Capital Partners
(“Longshore”), in conjunction with LaSalle Capital, is pleased to announce the
sale of its portfolio company, National Gift Card (“NGC” or the “Company”), to Blackhawk
Network (“Blackhawk”), a global branded payments provider. NGC, headquartered in
Crystal Lake, IL, is a leading provider of technology-enabled prepaid card
NGC’s CEO, Adam Van Witzenburg, commented, “Working with the Longshore team was tremendously rewarding. They helped us execute on a shared strategic plan, resulting in a successful exit for the shareholders, including management.”
Under Longshore’s ownership, NGC accelerated topline growth, completed a key acquisition, added management depth, and built out technology and infrastructure. Ryan Anthony, Partner at Longshore, commented, “I am proud to have been a part of the last two years at NGC. During that time, the team accomplished an extraordinary amount and transformed into a very unique asset in the space.”
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 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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