|Chicago, IL – LaSalle Capital (“LaSalle”) is pleased to announce the sale of three of its portfolio companies — Eclipse Advantage, LLC (“Eclipse”), Gen3 Marketing LLC, (“Gen3”) and MetaSource, LLC (“MetaSource”) — to Longshore Capital Partners (“Longshore”), a Chicago-based private equity firm.
Jeff Walters, Managing Partner at LaSalle, commented, “All three companies have executed their growth plans and performed well throughout the pandemic. We are very pleased to achieve three successful exits during this time of economic uncertainty, and to generate liquidity for our investors.”
Eclipse, headquartered in Melbourne, FL, is a leading provider of specialized warehouse labor services, with a focus on retail, food distribution, and light industrial supply chain industries.
Under LaSalle’s ownership, Eclipse broadened its end markets, diversified its customer base, and expanded further into on-site labor management with the acquisition of On-Time Staffing in 2018. Peter Westermann, Eclipse’s CEO, stated, “It was a pleasure working with the LaSalle team to strengthen Eclipse’s position as a leading specialized warehouse labor services provider. LaSalle provided strategic guidance and capital resources that helped us successfully grow the business.”
Mr. Walters added, “Pete and the entire Eclipse team did an exceptional job executing on our strategic plan by significantly adding to and diversifying its customer base while integrating a transformational acquisition. We wish the team continued success moving forward.”
Gen3, headquartered Blue Bell, PA, is a leading digital marketing agency that provides affiliate marketing and other performance-based marketing services by optimizing customers’ positioning of their products and services on third party websites.
Over the last three years, Gen3 demonstrated strong organic sales growth and completed two sizable add-on acquisitions, including the acquisition of OPM Pros in Canada. Mike Tabasso, Gen3’s co-CEO, stated, “We greatly valued our partnership with LaSalle and appreciate the support and capital resources that aided us in significantly growing our business.”
Kelly Cornelis, Partner at LaSalle, noted, “It has been rewarding to see the Gen3 team execute on each element of its strategic plan in such a short period of time.” David Murav, Partner at LaSalle, added, “We enjoyed the partnership with Gen3 and wish the team well during their next chapter of growth.”
MetaSource, headquartered in Salt Lake City, UT, is a leading provider of technology-enabled business process outsourcing and enterprise content management services.
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.”
Mr. Walters commented, “Adam and his 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.”
If you have questions regarding the above transactions, please contact Jeff Walters, Kelly Cornelis or David Murav of LaSalle Capital at (312) 236-7041.
About LaSalle Capital
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $345 million in capital. We have a proven track record of partnering with management teams to increase value in our companies by providing strategic operating focus and driving growth organically and through acquisitions.
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