Press release

Post Capital Partners Teams with Tech-Enabled Services Veteran Bob Mannarino to Invest in Property Registration Champions, LLC

Sponsored by Businesswire

Capital Partners
today announced that it has partnered with the
existing shareholders, Thomas Darnell and David Mulberry, and Robert
Mannarino, an executive and industry veteran in the BPO and outsourced
government services industry, to complete the recapitalization of Property
Registration Champions, LLC
(“PROCHAMPS” or the “Company”).

PROCHAMPS is a full-service technology and program administrator for
property registration programs across the country. Utilizing the
experience of its employees and its proprietary technology, the Company
partners with municipalities to assist with creating or modifying
property registration ordinances, identify foreclosed and vacant
properties, engage with responsible parties to fulfill registration
requirements and collect registration fees. In addition, PROCHAMPS
recently launched a rental property registration offering for renter
occupied properties which has become an area of concern for
municipalities. Through its services, PROCHAMPS provides municipalities
with significantly improved property registration compliance rates and
incremental revenue with no out-of-pocket cost.

“Tom and Dave have built a terrific business with PROCHAMPS. Together we
want to continue to assist municipalities with their property management
needs, as well as expand into additional service offerings to better
serve our municipal clients going-forward,” said Michael Pfeffer,
Managing Director of Post Capital.

Post Capital utilizes an Executive-First
in which it works with talented executives to proactively
identify and then invest in attractive businesses together. Bob
Mannarino, a 30-year veteran in the management and leadership of
outsourced services companies, will join the PROCHAMPS management team
as CEO. He was most recently interim CEO of GCR Incorporated, an IT and
professional services company. Post Capital worked closely with Bob to
identify, evaluate and structure the PROCHAMPS transaction. “I am
thrilled to join the PROCHAMPS team and to help the company continue to
grow and serve its clients,” said Bob Mannarino.

“As a result of the 2008 housing crisis, municipalities were faced with
an overwhelming number of abandoned properties that were not maintained
and became havens for crime,” said Tom Darnell. “As municipalities in
the U.S. started to pass foreclosure property registration ordinances,
we saw an opportunity to help municipalities enforce the ordinances and
understand who was responsible for a property. Similarly, we are
expanding into the rental market now as there is a growing need for
municipalities to understand where rentals are taking place within their

Bank United provided senior debt financing for the transaction, Winston
& Strawn and McGuireWoods served as Post Capital’s legal advisors and
Crowe Horwarth assisted Post Capital with its financial due diligence.
XLCS Partners served as financial advisor to PROCHAMPS.

About Post Capital Partners

Post Capital Partners (
is a private investment firm that makes both minority growth and control
investments in businesses with repeat or recurring revenue models. Post
Capital primarily employs an “Executive-First” deal
sourcing and investment strategy in which it first identifies and
partners with talented senior operating executives and then works
proactively with those “Executive Partners” to identify investments. In
addition to “Executive-First” platform searches, Post
Capital also pursues management buyouts and growth capital investments.
Based in New York City, Post Capital invests a committed capital fund
with top-tier institutional and sophisticated private investors.


Property Registration Champions, LLC, based in Melbourne, Florida, is a
full-service technology and system administrator for property
registration programs across the country. The Company efficiently
manages vacant, foreclosure and rental property registration programs on
behalf of local municipalities to help achieve higher property
registration compliance, which in turn improves neighborhood safety,
reduces crime and increases home values. PROCHAMPS provides a turnkey
solution to municipal customers by (i) identifying properties that
require registration, (ii) verifying that the property meets the local
ordinances for registration, (iii) contacting the responsible party to
register, and (iv) collecting registration fees and updating the
municipality’s database on an automated ongoing basis. To learn more
information about PROCHAMPS, visit