Tonka Bay Equity Partners Invests In Leading Healthcare Statement Processor
Tonka Bay Equity Partners (“Tonka Bay”) today announced its investment in an industry leading healthcare statement processing business located in the Midwest (“the Company”).
The Company is a leader in technology-driven printing solutions including statement processing and forms management. The Company is a sales-focused organization that has grown by leveraging technology and by offering superior service to its customers. The Company targets customers within the healthcare industry and also serves financial institution and distribution customers.
The Company posted a 30% sales increase in 2006 and is projecting more than 25% growth in 2007. “We believe the Company will continue its outstanding performance,” stated Steve Soderling, Principal of Tonka Bay and a board member of the Company. “The management team has the industry knowledge and experience to grow the business by providing outstanding service to their customers, which is evidenced by their high customer retention rates.” Soderling added that the Company’s innovative technology solutions are one of its competitive advantages. “Customers rely on the Company’s technology to decrease costs and increase productivity.”
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2030 or visit tonkabayequity.com.
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