Eureka Growth Capital announced it has partnered with senior management to complete the acquisition of Project Leadership Associates, Inc. (PLA), 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.”
Eureka Growth Capital was advised on the transaction by Marks Baughan & Co.
For more information on this transaction, please contact:
Nick Baughan
Managing Member
610.616.3295
nbaughan@marbau.com
Paul Vander Vort
Managing Director
612.284.4777
pvandervort@marbau.com
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.
About Project Leadership Associates
PLA is a business and technology consulting firm that empowers small, middle market and enterprise organizations with services across four core solution groups: 1) Business Strategy Execution; 2) Business Operations; 3) Applications; and 4) Infrastructure. PLA has been consistently ranked among Inc. Magazine’s Inc. 5000 list of the fastest growing companies in America, Crain’s Chicago Business’s Fast 50 and Everything Channel’s CRN Fast Growth 100 List as an annual recognition of growth, performance, and maintaining profitability since its founding in 1998. With headquarters in Chicago and branch offices in Houston, New Orleans, New York and San Francisco, PLA is uniquely poised to offer a broad array of solutions that work collaboratively with clients to help them realize substantial results.
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Information Management sectors. Our narrow focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Started in 2004 by two former senior members of the Credit Suisse First Boston Technology Group, Marks Baughan & Co. has established itself as one of the most successful of the new boutique investment banks by combining bulge-bracket expertise with boutique service. Our clients range from public companies with multi-billion dollar market caps to private companies with $10 million in revenues. We deliver results for clients: advising on sales of entire companies and divisions, acquisitions, private placements of equity and debt securities, or strategic advisory services for CEOs and CFOs on public offerings, M&A plans, or investor positioning.