MetaSource, a portfolio company of Longshore Capital Partners, has acquired New York-based Digiscribe, a provider of business process outsourcing and enterprise content management services. No financial terms were disclosed.
Longshore Capital Partners (“Longshore”) and its portfolio company, MetaSource, are pleased to announce the acquisition of Digiscribe. Based in New York, Digiscribe is a provider of Business Process Outsourcing (“BPO”) and Enterprise Content Management (“ECM”) services, including document imaging and data capture, mailroom services, contact center services, order processing, and electronic document archiving. The acquisition expands the MetaSource footprint with the addition of two new offices in New York, NY and Boston, MA. It also amplifies the state-of-the-art business solutions available to Digiscribe clients with leading-edge products that improve efficiency, lower costs and streamline workflow processes.
MetaSource’s President and CEO, Adam Östhed, will continue to lead the combined business, while Digiscribe Co-Founders Mitch Taube and Ellen Rothschild will be joining the MetaSource team to aid in the integration process and Co-Founder and COO, Barbara Collins, will be joining the MetaSource team in an executive capacity. “Digiscribe’s digital mailroom capabilities made the acquisition particularly valuable at a time when the need to transition from a centralized mailroom to a virtual one is accelerating,” stated Mr. Östhed.
Ryan Anthony, Partner at Longshore added, “The addition of Digiscribe further bolsters MetaSource’s position as an industry-leading provider of tech-enabled BPO and digital transformation services and represents a key achievement in the Company’s value creation plan.”
About Longshore Capital Partners
Longshore Capital Partners is a middle-market private equity manager investing out of its inaugural $210 million fund. Longshore acquires control positions in services businesses in North America with $5 to $15 million of EBITDA. The firm has extensive experience partnering with founders and management teams in the lower middle-market and executes a systematic approach to creating shareholder value through a cooperative strategic plan.