MetaSource, a portfolio company of LaSalle Capital, has acquired Orion Financial Group. Orion represents LaSalle Capital’s fourth add-on investment to the MetaSource platform since it acquired the company in November 2013.
Orion Financial Group provides real estate document recording services, including mortgage assignments, lien releases, and document retrieval services to mortgage servicers, investors, credit unions, and lenders. The company performs its real estate document recordings in all 3,600 US counties. Orion is based near Dallas in Southlake, TX (www.orionfgi.com).
The acquisition of Orion expands MetaSource’s service offering focused on mortgage quality control, compliance advisory, and technology-enabled workflow services. “MetaSource is widely regarded as a rapidly growing, respected leader in the mortgage services space and we look forward to contributing additional growth to the platform,” said Mike Wileman, CEO of Orion.
MetaSource is a provider of technology-enabled BPO services with a focus on the financial services, healthcare and retail industries. The company offers a range of services including document processing, customer care and content management. MetaSource is based south of Salt Lake City in Draper, UT (www.metasource.com).
“Adding Orion to the MetaSource family perfectly complements the compliance solutions line-up of our current portfolio,” said MetaSource CEO, Adam Östhed. “We are delighted to welcome Orion’s team of experts to MetaSource.”
LaSalle Capital makes control investments of $10 million to $20 million in companies with revenues from $20 million to $100 million and EBITDA greater than $3 million. Sectors of specific interest include food & beverage and outsourced business services. The firm is currently investing out of its second fund which held a final closing in May 2012 with $205 million in commitments. Fund II is the successor to the firm’s inaugural $125 million Fund I which closed in 2005. LaSalle Capital is based in Chicago (www.lasallecapitalgroup.com).
© 2017 Private Equity Professional | February 24, 2017
