Roark Capital Group Invests in PSC Info Group
Atlanta-based private equity firm makes its fourth investment in the direct
marketing industry
ATLANTA, Aug. 17 /PRNewswire/ -- Roark Capital Group, an Atlanta-based
private equity firm, announced today an investment in PSC Info Group. PSC
is a leading provider of proprietary outsourced billing and transaction
processing solutions primarily for accounts receivable management,
financial services and healthcare companies. The Company's core product
offering, DATAExpress(TM), enables its clients to improve the efficiency,
accuracy, timeliness and efficacy of their customer billing and
communications. PSC processes over 260 million time-sensitive and highly
customized billing statements for more than 1,500 clients nationwide each
year. The Company is headquartered near Valley Forge, Pennsylvania and has
additional processing capabilities in Reno, Nevada.
PSC's founder and CEO, Joseph J. Greco, who will reinvest a significant
amount of equity and continue to lead the Company, commented, "Partnering
with Roark will assist us in taking our company to the next level. Their
support and industry experience will be important as we accelerate our
organic growth and pursue acquisition opportunities."
PSC is Roark's fourth portfolio company in the direct marketing
industry. PSC also complements the firm's focus on financial services, with
accounts receivable management and debt collection customers representing a
significant portion of their revenue. Roark believes PSC is well positioned
to provide additional direct mail solutions to the financial services
sector.
"We see tremendous opportunity in customized marketing communications
and are excited about partnering with Joe and his team at PSC. They have
built a thriving company by providing superior technology, customer service
and industry leading expertise," said Lawrence J. DeAngelo, a Partner of
Roark Capital Group.
PSC is Roark's fourth platform acquisition in its $413 million fund,
which closed in March 2005.
About Roark Capital Group
Roark Capital Group is an Atlanta-based private equity firm that
acquires majority positions in franchise, direct marketing, financial
services, niche manufacturing, and service businesses. The firm, with more
than $560 million of equity capital under management, specializes in
companies with attractive growth prospects and revenues ranging from $20
million to $1 billion. For more information please visit
www.roarkcapital.com.
About PSC Info Group
PSC is a leader in statement processing, document technology and data
management solutions. With over 20 years of experience, PSC delivers highly
effective, customized solutions for accounts receivable management,
financial services and healthcare companies. PSC's core product,
DATAExpress(TM), is used by more than 1,500 clients in processing over 260
million statements each year. For more information about PSC, please visit
www.pscinfogroup.com.
Contact: Julie Meyer, Fishman Public Relations, (847) 945-1300, ext.
233
or jmeyer@fishmanpr.com
SOURCE Roark Capital Group
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