DURHAM, NC – PRC is pleased to announce that Longshore Capital Partners, a leading private equity firm, recently completed a strategic investment in the company.
“We are extremely pleased to have Longshore lead the next chapter of growth for PRC,” said PRC (Revco Solutions) President Geoff Miller. “We are confident that we found the right steward for the business who will continue to keep our customers’ and employees’ best interests in mind.
Miller said customers will not experience any changes, nor will there be a change in the staff headcount.
“Longshore is the perfect partner to help expand the business to meet the ever-changing needs of our customers and to advance the innovative solutions that our customers depend on. They have an in-depth understanding of collections businesses, supported by their previous investments in Receivables Management Partners and Brown & Joseph.”
Ryan Anthony, Partner at Longshore, commented, “The team at PRC has built an impressive business and achieved substantial organic growth. We look forward to working with the team to help accelerate the expansion of the business through investments in people and technology as well as strategic add-on acquisitions.”
About PRC (Revco Solutions)
PRC (Revco Solutions) Inc. ®, founded in 1979 and based in Durham, NC, has grown into a leading provider of accounts receivable management services to hospitals, physician groups, and other constituents in the healthcare industry as well as governments, utilities, and retailers.