NEW YORK, April 11, 2018 (GLOBE NEWSWIRE) -- Quest Software, Inc. (“Quest”), a leading tech-enabled solutions provider for insurance companies, announced it had received a strategic growth equity investment from WILsquare Capital.
Quest provides high tech, high value claim services for Emergency Roadside Services (ERS), glass management and claims reporting to major insurance carriers and fleet companies. The company has thrived by delivering industry leading customer satisfaction and painless claims management. Quest’s white glove delivery model is supported by its nationwide tow network of over 40,000 providers and its robust glass repair network which leverages proprietary software to efficiently process claims with transparency and up to the minute visibility.
“We are excited to have WILsquare Capital as our investment partner, they have shown remarkable knowledge of our industry and will provide us the necessary resources to continue and accelerate our growth. DH Capital provided critical guidance and advice throughout our fundraising process. The firm’s deep experience advising tech-enabled service providers enabled it to understand and articulate our pivotal role to the market, which ultimately led to a terrific outcome for the company and our investors,” said John Bowen, CEO of Quest.
“Quest has successfully established themselves as the ‘go-to’ outsourced comprehensive roadside management solution for leading insurance carriers. With new capital to support the further development of its proprietary software platform and its partnership with WILsquare Capital, we anticipate Quest will expand its reach and continue its success in the coming years. We appreciate Quest’s confidence in DH Capital and enjoyed working with this innovative tech-enabled service provider,” said Joe Duggan, Chairman and Co-Founder of DH Capital.
DH Capital served as exclusive financial advisor to Quest Software on the transaction.
About WILsquare Capital
WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower-middle market businesses in the Midwest and southern United States, with an emphasis on business services, niche manufacturing, distribution and technology companies.
About DH Capital
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, software & IT services, and communications sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed over 160 transactions and private capital placements totaling more than $23 billion in value. For additional information about DH Capital, please visit our website at www.dhcapital.com.