Incline Equity Partners has acquired Brown & Joseph, a provider of commercial accounts receivable management services primarily focused on insurance end markets. The Pittsburgh PE firm plans to leverage prior industry experience to support further growth.

Based in Itasca, Ill., B&J specializes in B2B third-party collection services while also providing first-party collections and insurance premium audits.

“This is a sector we know well from an earlier investment we made in Receivable Management Services Corporation, a global supplier of recovery services,” Incline Senior Partner Leon Rubinov said, in a statement. “We plan to leverage our prior experience to support further growth at the company. We are excited to back an impressive management team that has a strong track record of success.”

“Working with Incline provides the opportunity to continue to achieve the meaningful growth we have experienced so far while expanding our capabilities to serve existing and new customers. Incline brings the resources and knowledge needed to tackle strategic initiatives like adding new service lines for existing customers, developing an approach to enter new markets and pursuing add-on acquisitions,” B&J CEO Mark Schabel said, in a statement.

Incline Equity Partners invests in manufacturing, distribution and business services companies. It generally seeks growing companies with enterprise values of $25 million to $300 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.