Incline Equity Partners, a Pittsburgh-based private equity firm, has acquired of Brown & Joseph, a provider of commercial accounts receivable management services primarily focused on insurance end markets. Based in Itasca, IL, B&J specializes in B2B third-party collection services while also providing first-party collections and insurance premium audits.
Twin Brook Capital, the middle market direct lending subsidiary of Angelo Gordon, served as administrative agent on financing to support the transaction.
“This is a sector we know well from an earlier investment we made in Receivable Management Services Corporation, a global supplier of recovery services,” said Leon Rubinov, senior partner with Incline. “We plan to leverage our prior experience to support further growth at the company. We are excited to back an impressive management team that has a strong track record of success.”