High Street Capital and Greyrock Capital Group have announced the sale of DSI/Data Source, a business process outsourcing service organization, to Inverness Graham Investments.
Data Source is a business process outsourcing service organization that provides document design and distribution and other “back-office” services to multi-location businesses such as commercial franchises, auto dealerships, retail insurance, branded products, industrial products and restaurant concepts. The company is based in Kansas City, MO (www.data-source.com).
High Street Capital and Greyrock Capital Group partnered with the founders of DSI/Data Source in March of 2007 to grow Data Source both organically and through acquisitions. During their ownership, Data Source built a management team for growth, expanded to three industry verticals, completed three acquisitions and two strategic partnerships, added over 37 new clients, and grew revenues over 55%.
High Street Capital acquires, recapitalizes and provides growth capital to outsourced business services, niche manufacturing and value-added distribution and logistics companies in the central US with revenues of $10 million to $100 million. The firm is based in Chicago, IL (www.HighStreetCapital.com).
Greyrock Capital Group provides mezzanine debt and equity to finance buyouts, recapitalizations and internal growth needs of middle-market companies. Greyrock is currently investing out of its second fund and serves management teams and equity sponsors nationwide through offices in San Francisco, Chicago and Wilton, CT (www.greyrockcapitalgroup.com).
Inverness Graham invests in lower middle market value-added manufacturing and service companies with EBITDA’s between $3 million and $10 million and enterprise values of less than $75 million. Inverness Graham manages $250 million in capital commitments and was formed by senior executives of the Graham Group, an industrial and investment concern with global interests in plastics, packaging, recycling, building products and outsourced manufacturing. The firm is based in Philadelphia, PA (www.invernessgraham.com).