Philadelphia-based Eureka Growth Capital has acquired Chicago-based Project Leadership Associates Inc., a provider of information technology and business strategy consulting services. Terms of the deal were not released. The firm did say that it partnered with senior management on the deal, and increased the number of Project Leadership managers that own equity in the company.
Eureka Growth Capital (“Eureka”) today announced it has partnered with senior management to complete the acquisition of Project Leadership Associates, Inc. (“PLA” or the “Company”), a premier provider of senior-level consultative services to formulate, implement and manage a wide range of critical information technology and business strategy solutions for its clients. Through the transaction, Eureka and senior management acquired the outstanding ownership interests held by outside shareholders and increased the number of PLA managers that own equity in the Company.
Founded in 1998 by Daniel Porcaro, PLA has grown into a leading business and IT consulting firm by providing its customers senior-level experience and thought leadership with a focus across four core solution areas: Strategy & Execution; Business Operations; Applications; and Infrastructure. Headquartered in Chicago with offices in Houston, New Orleans, New York and San Francisco, PLA provides services to hundreds of enterprises each year ranging from large, multi-national corporations to small partnerships, providing these clients with innovative technology and managed services solutions as part of a well-developed business strategy to leverage core strengths and resources.
“Our partnership with Eureka is an integral step to PLA achieving our goal of becoming the dominant business and technology consulting firm focused on the mid-market,” said Daniel Porcaro, CEO of Project Leadership Associates. “Eureka brings the growth orientation, domain expertise and capital resources critical to PLA’s continued national expansion and growth within our core vertical markets, namely our legal vertical market segment. We are excited about the opportunities in front of us, with our talented team of management owners in place and the resources Eureka brings, to aggressively grow PLA both organically and through strategic acquisitions.”
“PLA brings a broad service offering that provides comprehensive solutions generally available from only the largest global consulting organizations, but does so with senior professionals with deep expertise to differentiate its offering from that of the largest players,” said Chris Hanssens, Managing Partner of Eureka Growth Capital. “We look forward to working with Dan Porcaro and the rest of the talented team at PLA to leverage the successful culture they have built and continue to expand the PLA platform as businesses seek profitable solutions to increasingly complex business issues.” Jonathan Chou, a Principal with Eureka added, “PLA is well positioned to capitalize on the trend facing businesses of all sizes today to incorporate numerous applications and processes across multiple platforms and integrate these applications and processes into a purposeful business strategy.”
About Eureka Growth Capital
Eureka Growth Capital is a private equity firm providing capital and trusted counsel in partnership with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka is committed to supporting exceptional management teams of businesses with $10 million to $75 million in revenue. Eureka leads buyouts that bring significant ownership to the managers driving the success of the business as well as minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. More information about Eureka Growth Capital can be found at www.eurekagrowth.com.