PE-backed MetaSource acquires Orion


MetaSource, a portfolio company of LaSalle Capital, has acquired Dallas-based Orion Financial Group, a provider of real estate document recording services. No financial terms were disclosed.

PRESS RELEASE

February 28, 2017 – Chicago, IL – LaSalle Capital and its portfolio company, MetaSource, are pleased to announce the acquisition of Orion Financial Group (“Orion” or the “Company”). Based in Dallas, TX, Orion provides real estate document recording services, including mortgage assignments, lien releases, and document retrieval services to mortgage servicers, investors, credit unions, and lenders. The acquisition of Orion broadens MetaSource’s service offering focused on mortgage quality control, compliance advisory, and technology-enabled workflow services. Orion represents LaSalle Capital’s fourth add-on investment to the MetaSource platform.

“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.”
Mike Wileman, President and CEO of Orion, commented, “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. This is an exciting time for Orion!”

If you have questions regarding this transaction or would like to discuss other opportunities in the technology-enabled Business Process Outsourcing (BPO) industry, please contact Ryan Anthony or Nick Christopher of LaSalle Capital at (312) 236-7041.

MetaSource, based in Draper, UT, is a leading provider of technology-enabled BPO services with a focus on the financial services industry. MetaSource offers a full range of services, including business process management and content management solutions delivered via premise-based and SaaS-based platforms designed to help customers achieve organizational efficiencies, manage compliance risk, realize cost savings, and accomplish other strategic objectives.

LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $330 million in capital. We have a proven track record of partnering with management teams to increase value in our companies by providing strategic operating focus and driving growth organically and through acquisitions. We have domain expertise and investment focus in two industry sectors: food and beverage and technology-enabled business services.

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