Post Capital Partners stated May 14 that it has recapitalized Residential Or Commercial Property Registration Champions LLC Financial terms weren’t announced. Prochamps is a technology and program administrator for property registration programs across the nation.
Post Capital Partners Teams with Tech-Enabled Solutions Veteran Bob Mannarino to Buy Property Registration Champions, LLC
A lot of relied on home registration experts poised for development as more towns resolve the management difficulties of foreclosed, rental and uninhabited residential or commercial properties
New York, Might 14, 2019– Post Capital Partners today announced that it has partnered with the existing investors, Thomas Darnell and David Mulberry, and Robert Mannarino, an executive and market veteran in the BPO and outsourced federal government services market, to complete the recapitalization of Home Registration Champions, LLC (” PROCHAMPS” or the “Company”).
PROCHAMPS is a full-service technology and program administrator for residential or commercial property registration programs throughout the nation. Using the experience of its workers and its proprietary technology, the Company partners with towns to assist with producing or modifying residential or commercial property registration regulations, identify foreclosed and vacant properties, engage with responsible celebrations to satisfy registration requirements and gather registration charges. In addition, PROCHAMPS recently released a rental property registration offering for tenant occupied residential or commercial properties which has become an area of concern for towns. Through its services, PROCHAMPS supplies towns with significantly enhanced residential or commercial property registration compliance rates and incremental profits without any out-of-pocket expense.
” Tom and Dave have built an excellent company with PROCHAMPS. Together we wish to continue to help towns with their property management needs, in addition to broaden into extra service offerings to better serve our local customers going-forward,” said Michael Pfeffer, Managing Director of Post Capital.
Post Capital makes use of an Executive-First technique in which it works with skilled executives to proactively identify and then purchase appealing companies together. Bob Mannarino, a 30- year veteran in the management and management of outsourced services business, will join the PROCHAMPS management team as CEO. He was most just recently interim CEO of GCR Integrated, an IT and professional services company. Post Capital worked carefully with Bob to identify, examine and structure the PROCHAMPS deal. “I am enjoyed join the PROCHAMPS group and to help the business continue to grow and serve its customers,” stated Bob Mannarino.
” As a result of the 2008 real estate crisis, towns were confronted with an overwhelming number of abandoned homes that were not maintained and ended up being sanctuaries for crime,” said Tom Darnell. “As towns in the U.S. started to pass foreclosure residential or commercial property registration regulations, we saw an opportunity to assist towns impose the regulations and understand who was accountable for a residential or commercial property. Similarly, we are broadening into the rental market now as there is a growing need for municipalities to understand where leasings are taking location within their jurisdiction.”
Bank United offered senior debt financing for the deal, Winston & Strawn and McGuireWoods served as Post Capital’s legal consultants and Crowe Horwarth assisted Post Capital with its financial due diligence. XLCS Partners acted as monetary advisor to PROCHAMPS.
About Post Capital Partners
Post Capital Partners (http://www.postcp.com) is a personal investment firm that makes both minority growth and control financial investments in companies with repeat or recurring earnings models. Post Capital primarily uses an “Executive-First” offer sourcing and investment strategy in which it first determines and partners with gifted senior operating executives and then works proactively with those “Executive Partners” to recognize investments. In addition to “Executive-First” platform searches, Post Capital also pursues management buyouts and growth capital financial investments. Based in New York City, Post Capital invests a dedicated capital fund with top-tier institutional and advanced private investors.
Home Registration Champions, LLC, based in Melbourne, Florida, is a full-service technology and system administrator for residential or commercial property registration programs throughout the nation. The Business efficiently manages vacant, foreclosure and rental home registration programs on behalf of regional towns to help attain greater home registration compliance, which in turn improves community safety, reduces criminal offense and increases home worths. PROCHAMPS offers a turnkey option to municipal customers by (i) recognizing homes that require registration, (ii) validating that the home satisfies the regional regulations for registration, (iii) calling the accountable party to register, and (iv) collecting registration costs and upgrading the town’s database on an automated ongoing basis. To find out more details about PROCHAMPS, see https://www.prochamps.com.