July 10, 2019 – Chicago, IL – LaSalle Capital (“LaSalle”) is pleased to announce the sale of its
portfolio company, Brown & Joseph, LLC (“Brown & Joseph” or the “Company”), to Incline
Equity Partners (“Incline”), a Pittsburgh-based private equity firm. Brown and Joseph,
headquartered Itasca, IL, is a leading provider of commercial accounts receivable management
solutions, with a focus on the insurance industry.
Brown & Joseph’s CEO, Mark Schabel, will continue in his role under Incline’s ownership and is
excited to lead the Company through its next phase of growth. Under LaSalle’s ownership, Brown
& Joseph expanded its management team, added significant new clients, opened a second facility
and continued to provide industry leading service and recovery rates. Schabel stated, “The entire
Brown & Joseph team enjoyed our partnership with LaSalle Capital. LaSalle provided strategic
support and capital resources that helped us execute our growth plan. We maintained an excellent
relationship with LaSalle and our board of directors during that time and are excited about the
opportunities that continue to lie ahead for the Company.”
Jeff Walters, Managing Partner at LaSalle, commented, “It has been remarkable to see what Mark
and the entire Brown & Joseph team has been able to do in such a short period of time.” Ryan
Anthony, Partner at LaSalle, added, “The team executed on each element of our strategic plan and
positioned the Company for continued success. We greatly enjoyed the partnership with Brown &
Joseph and wish the team well during the next chapter.”
If you have questions regarding this transaction or would like to discuss other technology-enabled
services opportunities, please contact Jeff Walters, Ryan Anthony or David Murav of LaSalle
Capital at (312) 236-7041
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle
market. We currently manage two funds totaling over $345 million in capital. We have a proven
track record of partnering with management teams to increase value in our companies by providing
strategic operating focus and driving growth organically and through acquisitions. We have
domain expertise and investment focus in two industry sectors: technology-enabled business
services and food & beverage.
|
 |
