MetaSource Joins Newly Formed Private Equity Fund
Longshore Capital Partners Makes MetaSource Part of Initial Portfolio
Salt Lake City, UT – MetaSource, LLC, a leading provider of technology-enabled business process outsourcing and enterprise content management services, is pleased to announce the company’s acquisition by Longshore Capital Partners, a newly formed private equity fund based in Chicago, IL. The acquisition marks the company’s exit from the portfolio of LaSalle Capital, whose support drove significant growth and expansion over the years.
LaSalle Managing Partner Jeff Walters praised the company’s performance under LaSalle. “MetaSource has executed their growth plans and performed well throughout the pandemic,” Walters said. “Adam Östhed, MetaSource’s CEO, and team have been outstanding partners to work with and we were thrilled to be a part of their growth and evolution. We wish the entire MetaSource team continued success as they further expand their business.”
During LaSalle’s ownership period, MetaSource expanded its technology-enabled product and service offering, strengthened its position in the mortgage industry and successfully integrated four strategic add-on acquisitions. Adam Östhed, MetaSource’s CEO, stated, “Our partnership with LaSalle has allowed us to expand geographically and through acquisition, and we greatly value their expertise and support over the last several years.”
MetaSource Added to Longshore Capital Fund I LP
Longshore Capital Partners is a Chicago-based private equity firm focused on investments in growing services companies. The co-founders, Nick Christopher and Ryan Anthony, have been active investors in the middle market since 2000 and are supported by a team of experienced investment professionals.
“We are excited to be part of Longshore’s debut fund,” said Mr. Östhed. “And, the opportunity to continue to build upon the successes MetaSource has experienced has our team eager for what the future holds.”
Ryan Anthony noted, “The Longshore acquisition of MetaSource is an important strategic win for us. They are an established organization, with robust solution offerings and are poised for great things.”
MetaSource fits seamlessly into Longshore’s focus on revenue cycle management, technology-enabled business process outsourcing, payments, managed services, and human capital services. The company’s strong performance and investment in infrastructure has promoted stability through 2020 and left the organization well-positioned to accelerate growth for years to come.
Achieve breakthrough growth with a digital transformation from MetaSource. Software and services from MetaSource will optimize your processes to eliminate error-prone tasks, data silos and other inefficiencies that prevent you from achieving your true business potential. By working with MetaSource, you will get real-time, actionable data you can leverage into increased knowledge worker productivity, reduced human error, and smarter decisions. MetaSource serves a wide variety of industries such as mortgage, financial, government, healthcare, retail and transportation. We assist organizations within these industries through our global network of PCI-DSS Level 1, SOC 2 Type 2, HIPAA and GDPR compliant processing centers with over 600 employees worldwide.