High Street Capital and Greyrock Capital Group have sold portfolio company DSI/Data Source to Inverness Graham Investments. Data Source, based in Kansas City, MO, is a business process outsourcing service. Terms of the sale were not announced. High Street Capital and Greyrock Capital Group partnered with the Data Source founders in March 2007 to grow the business both organically and through acquisitions.
High Street Capital and Greyrock Capital Group are pleased to announce the successful sale of DSI/Data Source, Inc. (“Data Source”) to Inverness Graham Investments. Data Source, based in Kansas City, MO, is a business process outsourcing (BPO) service organization that provides a total solution to document design and distribution and other “back-office” services essential to the successful operation of multi- location businesses such as commercial franchises, auto dealerships, retail insurance, branded products, industrial products and restaurant concepts. Terms of the sale were not announced.
High Street Capital and Greyrock Capital Group partnered with the founders 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 partneships, added over 37 new clients, and grew revenues over 55%.
More information is available at www.data-source.com About High Street Capital
High Street Capital is an experienced, operationally-oriented lower middle market buyout firm. The firm looks to acquire, recapitalize, and provide growth capital to outsourced business services, niche manufacturing and value-added distribution & logistics companies in the Central U.S. with revenues of $10 to $100 million. High Street is actively seeking new investment opportunities for its fourth investment fund.
About Greyrock Capital Group
Greyrock Capital Group provides mezzanine debt and equity to finance buyouts, recapitalizations and internal growth needs of middle-market companies. Formed in 2002, its Principals previously led a highly successful middle-market corporate finance business for Bank of America’s Commercial Finance Division and its predecessors. Over a eighteen-year period they have invested subordinated debt and equity in over 100 companies in a wide range of industries including manufacturing, consumer wholesale, building materials, industrial equipment and service businesses.
Greyrock Capital is currently investing out of its second independent fund and serves management teams and equity sponsors nationwide through offices in San Francisco, Chicago and Wilton, CT.