BharCap Partners (BharCap), a private investment firm focused on the financial services sector, has acquired ARMStrong Receivable Management (ARMStrong), one of the largest insurance and commercial B2B receivable management firms in North America.
ARMStrong specialises in receivable management solutions for insurance companies, including insurance premium audit and recovery, subrogation solutions, and third-party deductible identification and recovery. The Company has over 3,000 clients, including 22 of the 25 largest property and casualty insurance companies in the US.
ARMStrong also provides receivable management services for corporate clients within multiple industries, including technology, transportation, and business services.
As part of the BharCap investment, ARMStrong has substantial committed capital available for strategic acquisitions.
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 Blair served as the Company and selling shareholder’s financial advisors.
