New Harbor Capital Completes Investment in Escalon Services

New Harbor Capital has completed an investment in Escalon Services, Inc. (“Escalon”, “the Company”), a leading provider of essential business services (“EBS”) through a tech-enabled platform solution. Escalon’s mission is to help business owners spend less time on non-core work to enable owners to build great companies. New Harbor’s partnership with Escalon will support the Company in accelerating organic growth, executing strategic acquisitions, and investing in new technological developments to provide best-in-class support for clients.

Escalon was founded in 2006 by entrepreneurs who had experienced the difficulty of managing non-core business functions while working to scale their enterprise. Since its founding, the Company has served thousands of small and medium business (“SMB”) clients worldwide.

Escalon strategically leverages technology-enablement to deliver EBS with greater accuracy, efficiency, and cost-effectiveness. Today, the Company’s service offerings include accounting, finance, human resource, and risk solutions. Escalon fills a widening service gap in the SMB market driven by increasing demand for quality and cost-efficient insights in a competitive marketplace. The Company currently employs a diverse onshore and offshore workforce of over 1,100 employees.

New Harbor was drawn to Escalon due to its unique tech-enabled delivery model, strong competitive position, and robust delivery team, as well as attractive fundamental industry trends driving persistent growth for the Company’s services.

“We are excited to be partnering with Ruby and the entire Escalon team,” said Justin Marquardt, Partner at New Harbor Capital, “and are eager to leverage Escalon’s reputation and innovative business solutions to further establish the Company as a pioneer in the essential business services space. Escalon’s services provide unique value to small and medium business owners, and we look forward to delivering essential back-office support to even more clients in the future.”

“We are very excited by this partnership,” said Ruby Sahiwal, Chairman and CEO of Escalon. “Expanding Escalon in this way has been a goal of ours since founding the business and we have started down the path following the successful acquisitions of Early Growth Financial Services and Full Stack Finance in the last 24 months. New Harbor’s values, expertise, and commitment to innovation and growth perfectly align with our mission and goals for the future. We look forward to supporting more business owners in achieving their business goals in the coming years.”

Reed Smith LLP provided counsel and advice to New Harbor Capital and Orrick, Herrington & Sutcliffe LLP served as counsel to Escalon.

About Escalon

Escalon, together with acquired companies Early Growth Financial Services and Full Stack Finance, is the one-stop solution for essential business services, including FinOps (CFO services, bookkeeping and accounting), PeopleOps (human resources, benefits, recruiting and payroll) and Risk (business insurance). Since 2006, Escalon has helped over 5,000 companies across a range of industries and in 22 countries optimize their back offices. Escalon has been named to Inc. Magazine’s Inc. 5000 list five times over the past six years. For more information, please visit http://escalon.services/.