Business Services
ARC Document Solutions
New Harbor team members, while employed at a former firm, partnered with the founders of ARC Document Technologies to help the company nearly triple in size through both organic growth and more than 50 add-on acquisitions over a five-year period culminating in an initial public offering (NYSE: ARC). Growth continued to accelerate during the two years following the IPO while the investment was exited through two successful secondary offerings. Cumulatively, the business had a five-fold increase in size during the period of our involvement. Mohan Chandramohan, Founder and former CEO of ARC, continues to be an Executive Advisor to New Harbor Capital.
“New Harbor’s team members were strategic thinkers who really took the time to understand our business. They brought outstanding independent directors into the board, and contributed industry-specific strategic value to our company. In the end, their guidance was instrumental in preparing ARC to become a public company.” *
Mohan Chandramohan
ARC Document Solutions, Former Chairman and CEO
Investment Accomplishments:
- Established strategic board of directors including three outside board members to provide business, organizational and industry insights
- Guided corporate development through over 50 add-on acquisitions including acquiring ARC’s largest competitor on two occasions
- Provided capital markets guidance through multiple refinancings
- Helped professionalize the business including development of budgeting, financial reporting and analysis, and implementation of systems and controls to facilitate better insights into the business by outside parties
- Prepared the company and its management for an IPO
*Represents investments by certain New Harbor Capital Partners while at their former firm. The individual(s) Partners either sourced/led the investment or served as an active representative. These investments do not comprise all the investments made by the prior firm nor is it a complete list of investments in which the Partners were involved.
**This individual’s comments are not an advertisement for an investment in New Harbor Capital’s funds. This individual was previously an executive of a prior investment led by the New Harbor principals at a prior firm, and is currently an Executive Advisor for New Harbor. This individual is also currently an investor in New Harbor Capital’s funds and is also an independent board member and/or investor in one or more of New Harbor Capital’s portfolio companies. This individual was not compensated in connection with their participation.
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