BharCap Partners Acquires ARMStrong Receivable Management to Enhance Offerings in Insurance Market.
MANews-(C)2009-2023
Connecticut, US-based private investment firm BharCap Partners has acquired Illinois-based insurance-focussed receivable management solutions provider ARMStrong Receivable Management, the company said.
Terms of the transaction were not disclosed.
ARMStrong specialises in receivable management solutions for insurance companies, including insurance premium audit and recovery, subrogation solutions, and third-party deductible identification and recovery.
ARMStrong also provides receivable management services for corporate clients within multiple industries, including technology, transportation, and business services.
Greenberg Traurig, LLP and Kirkland & Ellis LLP acted as legal advisors to BharCap.
Kirkland & Ellis LLP also acted as legal advisor to the company and selling shareholders. Lincoln International and William...
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