Small Businesses

Escalon secures growth equity investment from New Harbor Capital to expand its presence in the $300B+ Essential Business Services market

  • 2 min Read

  • October 25, 2022

Author

Escalon

Table of Contents

Escalon, the leader in the over $300 billion Essential Business Services (EBS) market, today announces it has entered into a recapitalization agreement with New Harbor Capital. Escalon’s first investment partner in 16 years, New Harbor Capital will make a substantial investment in Escalon for continued organic growth, M&A opportunities, and technology advancement.

Escalon’s EBS solution is a one-stop shop for all the back-office business essentials growth-minded companies need, including accounting, bookkeeping, taxes, insurance, payroll, benefits, and recruiting. With this new investment, Escalon’s EBS solution will be equipped to offer companies of all sizes the services and resources needed to take their business to the next level.

“New Harbor’s investment marks an important milestone in Escalon’s history,” said Ruby Sahiwal, Escalon CEO. “In the last two years, we’ve acquired Early Growth and Full Stack Finance, both leaders in financial, CFO, and HR services for VC-backed and VC-bound companies. Now, with New Harbor’s investment, we can build on that momentum to continue to serve more businesses in relieving their burden from non-core activities.”

“We are thrilled about this partnership potential,” said Justin Marquardt, Partner at New Harbor. “Escalon’s unique value to small and medium-sized businesses combined with the huge Essential Business Services market is an incredible opportunity. We look forward to helping them accelerate their growth.”  

About New Harbor Capital


New Harbor Capital is a Chicago-based private equity firm focused on investing in growth-oriented business services, health care, and education companies. Our Partners have over 80 years of combined experience, partnering with strong management teams to systematically enable accelerated growth in value creation. Since 2000, the New Harbor team has completed over 230 investments. As an experienced strategic partner, New Harbor supports management with ideas, connections, and resources to capitalize on growth potential. For additional information, please visit http://www.newharborcap.com.

To see the related press release, click here.

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Nonprofit

How Nonprofits Can Leverage Fractional CFO Services to Scale Their Impact 

Every nonprofit leader has felt the tension: you are running an organization whose entire purpose is mission-driven impact, but the...

People Management & HR

How to Design Your First Employee Engagement Survey

How to Design Your First Employee Engagement Survey: A Startup Founder's Guide  If you're running a startup or small business and you've never sent...

Taxes

Year-Round Tax Planning vs. Last-Minute Filing

Year-Round Tax Planning vs. Last-Minute Filing: The True Cost of Waiting  Every year, the same pattern plays out for thousands...

Nonprofit

The True Cost of Volunteer-Run Finances

The True Cost of Volunteer-Run Finances: When Nonprofits Need Professional Accounting Help   It is one of the most common financial arrangements...

Nonprofit

Cash Flow Management Strategies for Nonprofits With Seasonal Funding  

Ask the finance director of almost any nonprofit what keeps them up at night, and cash flow will be near...

Accounting & Finance

State Income Tax Nexus 101

You hired your first remote employee in Texas. A sales rep was sent to work out of a co-working space...

Nonprofit

Top Grant Accounting Mistakes Nonprofits Make

Grant funding is the lifeblood of many nonprofit organizations. It fuels programs, sustains operations, and enables the kind of long-term...

Life Sciences

Transfer Pricing Considerations for Life Sciences Companies Expanding Globally  

Global expansion is one of the most exciting milestones a life sciences company can hit. New markets, new clinical partnerships,...

Accounting & Finance

The Role of Accounting Software in Simplifying Audit Prep  

If you have ever spent the weeks before an audit digging through spreadsheets, chasing down receipts, or reconciling accounts that should have...