Professional Recovery Consultants Announces Strategic Investment
DURHAM, NC – Professional Recovery Consultants is pleased to announce that LaSalle Capital, a leading private equity firm, recently completed a strategic investment in the company.
“We are extremely pleased to have LaSalle Capital lead the next chapter of growth for Professional Recovery Consultants,” said PRC President Geoff Miller. “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.
Miller said customers will not experience any changes, nor will there be a change in the staff or the exceptional customer service our Clients have grown to appreciate from Team PRC.
“LaSalle 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.”
Ryan Anthony, Partner at LaSalle 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.”
About Professional Recovery Consultants
Professional Recovery Consultants, founded in 1979 and based in Durham, NC, has grown into a leading provider of accounts receivable management services to hospitals, physician groups, and other constituents in the healthcare industry as well as governments, utilities, and retailers. For more information, visit prorecoveryinc.com.
About LaSalle Capital
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. They currently manage two funds totaling more than $345 million in capital. LaSalle has a proven track record of partnering with management teams to increase value in their companies by providing strategic operating focus and driving growth organically and through acquisitions. They have domain expertise and investment focus in two industry sectors: technology-enabled business services and food and beverage.