Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services and technology, announced today that it has acquired OSG Billing Services, a leading provider of billing and customer communications solutions based in Ridgefield Park, New Jersey. Aquiline is partnering with OSG’s existing management team, led by Chairman and CEO Scott W. Bernstein, to build upon its current platform through complementary acquisitions and targeted growth initiatives.
“We look forward to partnering with Aquiline to continue to build OSG and further extend our product offerings, reach and customer base.”
“OSG has a tradition of exceptional customer service across multiple mediums with long-standing, diverse customers. We are excited to work with Scott and the management team to help create an omni-channel customer communications hub, incorporating leading technology to support the bill to payment cycle,” stated Jeff Greenberg, Chairman and Chief Executive of Aquiline. “Given their established platform, we see OSG as an ideal foundation for further acquisitions in this space.”
Founded in 1992, OSG has grown into a leader in the billing and invoice business, offering innovative solutions to businesses across many industries including middle-market financial, communications, media, utility, homeowners’ association management, and other sectors. OSG’s integrated, end-to-end process offers customers industry-leading solutions and service from design to production to post-production reporting and analysis.
“OSG will benefit greatly from Aquiline’s expertise in helping outsourced financial and administrative service providers, as well as billing and payment solution providers, to grow and thrive. They understand our business and culture well, and we share the same vision for what OSG can become,” said Bernstein. “We look forward to partnering with Aquiline to continue to build OSG and further extend our product offerings, reach and customer base.”
As part of the transaction, OSG will welcome Aquiline professionals Vincenzo La Ruffa, Scott Leach and Joe Pappalardo as new members of its Board of Directors.
*Transaction completed by WHA professional while at previous firm.