Many people dream of becoming entrepreneurs, and often the biggest...
Letting technology do the heavy lifting for certain monotonous tasks...
Tax season often triggers stress and complexity—especially for...
The halfway mark of any given year is...
October 25, 2022
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.”
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.
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.
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.
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.
Tax season often triggers stress and complexity—especially for startups laser-focused on building products, acquiring customers, and scaling operations. Yet savvy...
The halfway mark of any given year is more than just a date on the calendar; it’s a valuable checkpoint...
For consumer goods companies, managing inventory efficiently is critical—not just for operations but also for financial health and risk management....
As more businesses transition to Software-as-a-Service (SaaS) solutions, data security and regulatory compliance have become top priorities. From handling sensitive...
For portfolio companies, whether backed by private equity, venture capital, or family offices, scalability is essential for maximizing value and...
Insights from a Consumer Goods Expert: Building Brands, Inventory Management, and the Power of Outsourcing In a recent conversation with...
Private equity deals are becoming larger and more complex, making financial preparation a critical part of the process. Take Novartis’s...
Biotech startups operate in a unique financial landscape, where securing grants, venture capital, and government funding is crucial for driving...
As the world leans into the decentralized era, Web3 startups are at the forefront, exploring the possibilities of blockchain, cryptocurrencies,...