St. Cloud Capital Strengthens Portfolio with Investment in Business Processing Solutions

St. Cloud Capital Strengthens Portfolio with New Investment

Overview

St. Cloud Capital, a prominent private investment firm based in Los Angeles, has made a strategic growth capital investment in Business Processing Solutions, LLC (BPS). This decision marks an important milestone for BPS, which is recognized as a leading provider of tech-enabled outsourced business processing for various government entities across federal, state, and local levels.

Business Processing Solutions: A Leader in Its Field

Business Processing Solutions specializes in offering innovative solutions within the tolling and parking technology sectors while also delivering critical services such as call center support, program management, revenue recovery services, and payment processing to governmental agencies. This investment comes from St. Cloud’s fourth fund, which holds a committed capital of $236 million.

The Investment Highlights

Anthony Guagliano, a partner at Gallant Capital Partners, which currently manages BPS, expressed his enthusiasm regarding the investment. He stated, "We have been impressed by BPS's success to date and we are excited to support management in this next evolution of the business." This reflects Gallant's commitment to enabling BPS to amplify its technological capabilities and expand its reach.

Kacy Rozelle, Managing Partner at St. Cloud Capital, also shared his excitement about the partnership stating, "We are thrilled to collaborate with Gallant Capital and BPS's management team in supporting the Company's next growth stage." Such statements highlight a strong confidence in BPS's direction and potential for growth.

Strategic Importance of the Investment

This investment not only provides BPS with capital but also strategically positions them for enhanced technology-driven innovation and expansion. In a rapidly evolving landscape, businesses must adapt and advance their technology to stay competitive, particularly in the dynamic field of government services.

Legal Collaboration

St. Cloud Capital appointed KL Gates LLP, a global law firm, as their counsel to assist in this transaction. This collaboration underscores the careful consideration and expertise involved in managing substantial investments within the private equity sector.

About St. Cloud Capital

Founded in 2001, St. Cloud Capital has established itself as a significant player in the investment scene, focusing on the lower middle market where companies typically have annual revenues of $10 million to $150 million. With over $700 million managed and more than 80 portfolio companies under its belt, St. Cloud Capital has diverse investments spanning multiple industries. They typically engage in non-control situations, serving as a nuanced partner to emerging managers and strong teams aiming for long-term growth. For more information, their website can be accessed at www.stcloudcapital.com.

Conclusion

St. Cloud Capital's investment in Business Processing Solutions underscores a commitment to fostering innovation in essential governmental functions through advanced technology. This partnership signifies the potential to streamline operations and improve service delivery across sectors, reflecting values crucial for the modern era of public service. Such investments are vital as they not only boost business growth but also enhance the efficiency of public services that millions rely on daily.