Intelliteach is Sold to Dominus Capital
Chattanooga, TN, October 31, 2014
River Associates Investments, LLC (“River”), a leading lower middle market private equity firm based in Chattanooga, TN, announced the completion of the sale of Cash Management Solutions Holding (“Intelliteach”) to Dominus Capital (“Dominus”).
Headquartered in St. Louis, Missouri, Intelliteach is a global provider of Business Process Outsourcing (BPO) solutions to the legal and accounting end markets with the leading market position in its primary service areas. The Company’s suite of services is focused on the outsourcing of back office functions of legal and accounting firms, including fully outsourced accounts receivable management, IT help desk support, and secretarial support (Document Handling Services).
Seelin Naidoo, CEO of Intelliteach, said, “With River’s support, we have broadened our service offering to our customers and achieved significant growth. This broadened offering has served to strengthen and deepen our client relationships.”
River Associates’ Partner Mike Brookshire commented, “We worked closely with the management at Intelliteach on a variety of projects and acquisitions that helped fuel the company’s growth. We’ve enjoyed working with the team and appreciate their efforts in positioning the business for future success with Dominus.”