|October 30, 2014 – Chicago, IL – LaSalle Capital and its portfolio company, MetaSource, are pleased to announce the acquisition of Mortgage Compliance Advisors ("MCA" or the "Company"). MCA, based in Salt Lake City, Utah, is a leading provider of technology-enabled quality control, compliance, and risk management services to customers involved in the origination and processing of mortgage loans. MCA serves as a sophisticated compliance resource to a variety of customers and has expanded its service capabilities to meet the growing needs of its customer base.. The Company is dedicated to helping mortgage brokers, lenders, banks, and credit unions of all sizes comply with regulations, manage risk, and improve the quality of loans. MCA represents LaSalle Capital's first add-on investment to the MetaSource platform.
The acquisition of MCA will broaden MetaSource's service offering to the mortgage industry. MetaSource's Chief Executive Officer, Adam Osthed, stated, "MetaSource is dedicated to building a leading business process outsourcing ("BPO") platform focused on providing customized technology-enabled solutions to our customers. The acquisition of MCA allows MetaSource to expand our offerings to the rapidly growing financial services sector and provides an opportunity to cross-sell a multitude of services across the combined MetaSource/MCA customer base."
If you have questions regarding this transaction or would like to discuss other opportunities in the BPO industry, please contact Nick Christopher or Ryan Anthony of LaSalle Capital at (312) 236-7041.
MetaSource, based in Draper, UT, is a leading provider of technology-enabled BPO services with a focus on the financial services, healthcare, and retail industries. MetaSource offers a full range of services, including document processing, customer care, and content management solutions delivered via premise-based and SaaS-based platforms designed to help customers achieve organizational efficiencies, cost savings, and other strategic benefits.
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $330 million in capital. Our team has deep experience in partnering with management teams to grow and develop middle market businesses. We add value to companies by providing strategic operating focus and promoting growth organically and through acquisitions.