Deal Details
Escalon Receives Growth Investment From New Harbor
Summary
Escalon Services, Inc. (“Escalon” or the “Company”), has received a growth investment from New Harbor Capital (“New Harbor”). Terms of the transaction were not disclosed. Baird served as the exclusive financial advisor to Escalon on this transaction.
Baird served as the exclusive financial advisor to Escalon on this transaction.
About
Escalon strategically leverages technology-enablement to deliver essential business services (“EBS”) with greater accuracy, efficiency, and cost-effectiveness. Today, the Company’s service offerings include accounting, finance, human resource, and risk solutions. Escalon fills a widening service gap in the SMB market driven by increasing demand for quality and cost-efficient insights in a competitive marketplace. The Company currently employs a diverse onshore and offshore workforce of over 1,100 employees. Since 2006, Escalon has helped over 5,000 companies across a range of industries and in 22 countries optimize their back offices. Escalon has been named to Inc. Magazine's Inc. 5,000 list five times over the past six years.New Harbor Capital is a Chicago-based private equity firm focused on investing in growth-oriented business services, healthcare, and education companies. Their Partners have over 80 years of combined experience, partnering with strong management teams to systematically enable accelerated growth in value creation. Since 2000, the New Harbor team has completed over 230 investments. As an experienced strategic partner, New Harbor supports management with ideas, connections and resources to capitalize on growth potential.
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- Date
- October 2022
- Company
- Escalon Services, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Business Process Outsourcing
- Target Geography
- North America
- Acquiror Geography
- North America
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