CHICAGO, May 15, 2019 /PRNewswire/ -- XLCS Partners,
Inc., a leading middle market investment bank, is pleased to
announce that it served as exclusive advisor to Property
Registration Champions, LLC (PROCHAMPS) in its recapitalization by
Post Capital Partners and the Company's existing shareholders.
PROCHAMPS, based in Melbourne,
Florida, is a full-service technology and system
administrator for property registration programs across the
country. Utilizing the experience of its employees and its
proprietary technology, the Company partners with municipalities to
assist with creating or modifying property registration ordinances,
identify foreclosed and vacant properties, engage with responsible
parties to fulfill registration requirements and collect
registration fees. In addition, PROCHAMPS recently launched a
rental property registration offering for renter occupied
properties which has become an area of concern for municipalities.
Through its services, PROCHAMPS provides municipalities with
significantly improved property registration compliance rates and
incremental revenue with no out-of-pocket cost.
Post Capital Partners is a New York
City based private investment firm that makes both minority
growth and control investments in businesses with repeat or
recurring revenue models. Post Capital utilizes an Executive-First
strategy in which it works with talented executives to proactively
identify and then invest in attractive businesses together.
Bob Mannarino, a 30-year veteran in
the management and leadership of outsourced services companies,
will join the PROCHAMPS management team as CEO. He was most
recently interim CEO of GCR Incorporated, an IT and professional
services company.
"From our initial phone and e-mail communications to our first
face-to-face meeting, Andrew and XLCS Partners earned our
confidence and trust," said Tom
Darnell, PROCHAMPS CFO. "Their obvious knowledge of, and
ability to create and deliver, a 'seller's market' experience were
key and lucrative factors in our business decision. This was the
most important deliberation my business partner and I have ever
made, and the bedside manner of the XLCS designated team members
only increased our comfort level and served to reinforce we had
made the correct choice. Our thanks to Andrew and the entire XLCS
team that led us through and supported this business process. I
personally feel like new friends have been made for years to
come."
XLCS acted as the exclusive M&A advisor to PROCHAMPS, and
the transaction was led by Andrew
Sannes, Managing Director. The transaction was completed
April 1, 2019.
About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A
advisory services to select clients globally.
More information is available at www.xlcspartners.com.
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SOURCE XLCS Partners, Inc.