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.
SOURCE XLCS Partners, Inc.