Blue River Advises ARMStrong RM on Acquisition of NEIS

November 7, 2023 – Blue River Financial Group has advised ARMStrong RM, leading provider of cashflow enhancement services to the commercial insurance industry, and portfolio company of Incline Equity Partners, on the recent acquisition of NEIS, Inc. This strategic move further solidifies ARMStrong RM’s commitment to innovation and to diversifying its insurance cash flow enhancement offerings to meet the evolving needs of its valued clients.

ARMStrong Receivable Management is the Largest Commercial B2B Receivable Management Firm in North America. ARMStrong leverages its extensive intellectual and operational expertise with cutting-edge technology to build quality partnerships across the insurance and general commercial industries. ARMStrong is composed of four segment leading brands which align the Company’s solutions offering to the various end markets and transaction-types found within the commercial B2B receivables management industry.

NEIS, Inc. is a renowned Insurance service solutions provider specializing in Premium Audit and Loss Control services. As part of the ARMStrong RM family, NEIS, Inc. will continue to operate under its brand name, maintaining its reputation for excellence and client-centric solutions.

Mike Baldwin, CEO of ARMStrong RM, stated, “The addition of NEIS, Inc. is a strategic move that will significantly benefit our clients and elevate our position in the insurance services industry. Their Premium Audit and Loss Control services are renowned for their timeliness and accuracy, complementing our existing offerings.”

“This strategic alliance will enable us to combine our deep domain expertise with ARMStrong RM’s impressive and extensive client base, now being able to offer a more diverse set of services to drive success for our clients.” said Matt Wemple, President of NEIS, Inc.

Christopher Caron, Managing Director with Blue River, said, “This strategic partnership brings another premium brand in the insurance cash flow space for ARMStrong, and additional partners and services to NEIS’ extensive client base.”

“We’re excited for the shared opportunities in store as a result of the ARMStrong/NEIS partnership. The quality of the NEIS team and the niche expertise in specialized services makes for an outstanding addition to the ARMStrong platform. Blue River is grateful to have been a part of it and looks forward to seeing great things accomplished by this collective team!” stated Blue River’s Principal, Sara Clevenger.

Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in distribution, business services and manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.

Contact

Sara Clevenger
Principal
sclevenger@goblueriver.com

About Blue River

Blue River Financial Group is a middle market merger and acquisition advisory firm. We assist corporations, private equity groups and individuals in the sale and acquisition of businesses, and have completed assignments in multiple business segments. With over 20 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.

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