Augments Quatrro’s Strong Presence in North America and its Existing Support for Non-For-Profit Organizations
NEW YORK – FEBRUARY 13, 2020 – Veronis Suhler Stevenson (“VSS”), a private investment firm investing in the healthcare, information, business services and education industries, today announced that its portfolio company Quatrro Business Support Services (“QBSS”) has completed the acquisition of Vanderloo Financial Services (“VFS”), a provider of financial and accounting solutions for the non-profit sector. Financial terms of the private transaction were not disclosed.
Headquartered in Chicago, VFS’ financial and accounting solutions are designed to enable non-profits to meet strict financial reporting requirements, improve operations and better manage their fiscal growth challenges in today’s fast-evolving business environment.
“The acquisition of VFS enables QBSS to further build upon its existing relationships in the non-profit sector, where the demand for business process outsourcing (“BPO”) services has been growing steadily for several years,” said Patrick Turner, Managing Director at VSS. “VFS’ offerings are highly complementary to QBSS’ advanced suite of tech-enabled BPO services, and will help these often short-staffed organizations to improve their business performance and operate more efficiently while advancing their purpose-driven missions.”
VSS’ investment in QBSS in September 2019 reflects the firm’s strong track record of bringing flexible capital solutions to small and mid-sized, high growth potential businesses and sectors where technology can drive transformative growth, including via complementary add-on acquisitions.
As part of the deal, VFS’ founder Molly Vanderloo will join Quatrro’s senior management team.
About VSS
VSS is a private investment firm that invests in the healthcare, information, business services and education industries. Headquartered in New York, VSS provides capital for growth financing, recapitalizations, strategic acquisitions, and buyouts to lower middle market companies and management teams with the goal of building companies organically as well as through a focused add-on acquisition program. VSS makes privately-negotiated investments across the capital structure and invests in situations requiring control or non-control equity, mezzanine securities, and structured equity securities. For more information, please visit: www.vss.com.
About Quatrro Business Support Services
Quatrro Business Support Services (QBSS) is a leading provider of end-to-end tech-enabled business process management services aimed at meeting the needs of small to medium sized businesses while also scaling to meet the needs of enterprise organizations. QBSS offers a broad range of platforms and cloud-based accounting and payroll services by leveraging the industry’s leading accounting/payroll systems designed to create economies of scale resulting in enhanced financial visibility, lower costs and improved business processes. Its client base includes more than 800 small and medium-sized businesses across the restaurant, retail, healthcare, childcare, hospitality and non-profit industries, including franchises of some of the most iconic brands in the nation. For more information, visit www.quatrrobss.com.
About Vanderloo Financial Services
Vanderloo Financial Services is a provider of financial and accounting solutions for the non-profit sector.