BharCap Partners Acquires ARMStrong Receivable Management from Incline Equity Partners

ARMStrong RM Acquires NEIS, Inc.

August 4, 2023

Professional Services

ARMStrong RM, a portfolio company of Incline Equity Partners, has acquired NEIS, Inc., a provider of premium audit and loss control services for the insurance industry. The add-on expands ARMStrong's insurance services capabilities and enables NEIS to continue operating under its brand while leveraging ARMStrong's broader client base.

Astira Capital Partners Acquires Altus Commercial Receivables

September 18, 2025

Financial Services

Astira Capital Partners, a Boston-based private equity firm, has acquired Altus Commercial Receivables (Altus), a provider of commercial receivables management solutions. Altus was divested by ARMStrong Receivable Management, a BharCap Partners portfolio company; Astira said it will accelerate Altus' technology roadmap and scale the business to deliver improved working capital outcomes for clients. Terms were not disclosed.

Incline Equity Partners Acquires Brown & Joseph from LaSalle Capital

June 27, 2019

Financial Services

Pittsburgh-based private equity firm Incline Equity Partners has acquired Brown & Joseph, a commercial accounts receivable management and collections firm headquartered in Itasca, Illinois. The transaction is a buyout of LaSalle Capital's portfolio company; Brown & Joseph's CEO Mark Schabel will remain in place and Incline plans to expand capabilities, enter new markets and pursue add-on acquisitions.

BharCap Acquires Majority Stake in Electronic Merchant Systems

August 19, 2024

Payments & Fintech

BharCap Partners has made a strategic majority investment in Electronic Merchant Systems (EMS), a Cleveland-based merchant solutions and payments provider. Bain Capital Credit and Group 1001 provided senior debt financing and acted as equity co-investors to support the transaction; terms were not disclosed.

Longshore Capital/Revco Solutions Acquire ARMC Financial Services

March 1, 2021

Healthcare Services

Longshore Capital Partners and its portfolio company Revco Solutions have acquired ARMC Financial Services, a denials management and healthcare revenue cycle management firm based in Oradell, New Jersey. The add-on expands Revco's service portfolio and geographic coverage by adding ARMC's denials management capabilities to Revco's existing revenue cycle offerings.

Braemont Capital Makes $125M Growth Equity Investment in Incline P&C Group

June 8, 2023

Insurance

Braemont Capital has made a $125 million growth equity investment in Incline P&C Group to support the insurance program carrier's platform expansion, service offering growth and increased capacity for new business. Incline, a privately held program market services firm headquartered in Austin, Texas, will use the capital to continue expanding premium volume and program acquisition; Barclays served as financial advisor to Incline.