LERETA Announces Sale to Flexpoint Ford and Vestar Capital Partners
Summary
Over the past two years, the Company has met 99.9% of its service level agreements for all customers.Commenting on the transaction, Walsh said, "Flexpoint Ford and Vestar Capital Partners represent an ideal partnership for LERETA. The Companys focus on providing best-in-class service and the planned investment in its technology positions the business for an exciting future," added Arjun Thimmaya, Managing Director, Flexpoint Ford. "LERETAs robust systems and service-oriented, client-first approach have enabled the Company to deliver high-quality, regulatory-compliant solutions for its customers most complex needs for over 35 years," said Nikhil Bhat, Managing Director and Co-Head of Business & Technology Services at Vestar Capital Partners. "We are excited to support management as they accelerate the Companys technology investments, further enhancing the speed, accuracy, and reliability of LERETAs products while facilitating seamless integration with customers mission-critical workflows. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Business & Technology Services, Consumer, and Healthcare.