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Harvest Partners Recaps Garretson Resolution

December 24, 2012, 09:11 AM
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Harvest Partners, a New York-based private equity firm, and the management team of Garretson Resolution Group (GRG) have completed a recapitalization of GRS resulting in a successful liquidity event for Pfingsten Partners. Terms of the transaction were not disclosed.

Senior debt was arranged by GE Capital, The Private Bank and Fifth Street Finance, and mezzanine debt was provided by Carlyle Mezzanine Partners and Fifth Street Finance. White & Case LLP and Alvarez & Marsal advised Harvest. Harris Williams & Co. and Paul Hastings LLP advised the Company and Pfingsten Partners, LLC. Ira D. Kleinman, Andrew M. Schoenthal and Clifford R. Moskowitz of Harvest, and Jason A. Wolf, President of GRG, will be joining Matt Garretson on GRG’s Board of Directors.

GRG’s management team, including Matt Garretson (Founder & CEO) and Jason Wolf (President), will continue to lead the company.

Founded in 1998 and based in Cincinnati, OH, GRG is a party-neutral provider of medical lien resolution and complex settlement administration services. The company serves law firms, corporations, insurance companies, plaintiffs and defendants in mass tort, class action and single event litigations.

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