November 29, 2021
Mountaingate Capital Portfolio Company ImagineSoftwareTM Announces Investment from Marlin Equity Partners
DENVER, Colorado, November 29, 2021 – Mountaingate Capital (“Mountaingate”), a Denver-based private equity firm focused on partnering with founders and entrepreneurs to execute transformative growth strategies in the lower middle-market announced that it has sold its position in Technology Partners, LLC, doing business as ImagineSoftwareTM, with a new investment in the company completed by Marlin Equity Partners (“Marlin”).
The exit of ImagineSoftwareTM , a leading provider of medical billing automation software and revenue cycle management applications, represents another highly successful outcome for Mountaingate’s investors in a technology-focused and analytics-driven platform.
Mountaingate first partnered with ImagineSoftwareTM, and its founder Sam Khashman, in 2018. With tremendous growth over the past several years, ImagineSoftwareTM has become a billing software of choice for innovative hospital-based specialties. This has been accomplished through a servant leadership mindset, creating cutting-edge technology, and committing wholeheartedly to helping clients achieve their goals. ImagineBillingTM, the company’s flagship product, is a true end-to-end platform built to automate every component of the revenue cycle management process.
“With Mountaingate’s support, we achieved in three years what we planned to accomplish in five, so we determined it was the right time to find a partner that could commit to supporting our next phase of growth while preserving our dynamic, entrepreneurial culture,” said Mr. Khashman. “Mountaingate’s brand of founder-friendly but highly strategic and ambitious growth investing served us well and made for an ideal partnership.”
Stew Fisher, Managing Director of Mountaingate Capital, noted “ImagineSoftware and its team exceeded all of our expectations, successfully developing key new product offerings, on-boarding talent, executing strategic acquisitions and delivering some of the highest automation rates in the industry. This is a stellar team committed to the client and employee experience. We look forward to seeing Sam and the team’s continued success with the support of Marlin.”
ImagineSoftware and Mountaingate Capital were advised by Robert W. Baird & Co. and Kirkland & Ellis LLP.
About Mountaingate Capital
Mountaingate Capital is a private equity firm based in Denver that specializes in building and empowering companies with strong growth potential and engaged leadership teams. Mountaingate is one of the only firms globally honored by Inc. Magazine for three consecutive years as the most founder-friendly private equity firms. Mountaingate’s focus on organic growth coupled with its proven customer-centric buy-and-build approach and shared equity ownership with management creates more value for the end customer, while forging stronger, more collaborative, and more successful partnerships with management teams. Mountaingate targets investments in new platform companies with $5 million to $25 million of EBITDA, as well as add-on acquisitions of any size. For more information on Mountaingate, please visit www.mountaingate.com.
About Technology Partners, LLC, d/b/a ImagineSoftwareTM
Technology Partners, LLC d/b/a ImagineSoftwareTM is a leading provider of medical billing automation software and revenue cycle management applications. Offering powerful technology solutions for medical billing offices, practices, and hospitals for over 20 years, ImagineSoftware’s solutions improve financial efficiency, build provider reputation, and ultimately improve the patient experience. For more information, visit www.imagineteam.com