Altaline Capital Management (“Altaline”) in partnership with Haven Capital Partners (“Haven”), today announced the launch of Saratoga Compliance Solutions (“Saratoga” or the“Company”), a next-generation insurance compliance platform formed through the combination of 3H Compliance Group (“3HCG”) and National Licensing Compliance Group (“NLCG”).
By uniting two proven leaders in compliance software and services for the insurance sector, Saratoga creates one of the most comprehensive solution suites in the industry with more than 300 combined clients. TheSaratoga platform is tailored to address the growing complexity of state-level compliance requirements faced by insurance carriers, distributors, and service providers, while enabling these clients to streamline operations and reduce regulatory risk.
Gary Harker, the Founder & CEO of 3HCG, has assumed leadership of the combined organization, which will be headquartered in Saratoga Springs,New York. As part of the transaction, Cameron Parker, Operating Chairman of OneShield, a leading provider of core systems software and digital solutions to the insurance industry, and Phil Reynolds, the Founder andChairman of BriteCore, a leading provider of policy administration systems to the insurance industry – have both joined the Board of Directors.
Commenting on the transaction, Mr. Harker noted, “I am proud of the success that 3HCG has achieved since 2003, including serving nearly 100 of the nation's largest, most innovative and fastest-growing insurance agencies. Together with NLCG, we look forward to delivering more value through new products and solutions while serving an ever-growing list of insurance industry clients nationwide. I am also proud to partner with Altaline, whose principals I have known for nearly 10 years, as well as Haven. Together, I believe they will be transformative partners for our business.”
“We see tremendous opportunity to help Saratoga accelerate innovation – especially by leveraging AI tooling to enrich the product experience” said Brian Maher, Principal at Altaline. “We are also equally excited to help the Company bolster its customer support capabilities, accelerate its robust sales momentum and explore further opportunities for inorganic growth.”
“We are thrilled to partner with Gary, Cameron, Phil and the entire team at Saratoga.Together, we look forward to building a next generation, vertical-focused compliance platform tailored to serve the ever-evolving insurance industry,”added Rafael Telahun, Managing Director at Altaline. “Saratoga builds on our successful track record investing in vertical-focused Compliance, Safety &Risk technology providers.”
BakerHostetler, D.A. Davidson & Co., Payne Enterprises and Crosslake Technologies served aslegal, financial, commercial and technical advisors to Altaline, respectively. Fredrikson & Byron and Winston & Strawn served as legal advisors toHaven. White & Case served as legal advisors and Cherry Bekaert served as accounting & tax advisors to 3HCG. NLCG was advised by Jeffrey M. Engle, P.C.
Altaline Capital Management, LLC, a new private equity firm founded by former professionals from TA Associates, H.I.G. Capital and KKR, today announced its official launch. Headquartered in Los Angeles, the firm seeks control-oriented partnerships with growing and profitable lower middle-market businesses across the technology, business services and financial services sectors in the U.S. and Canada.
With a team of seven seasoned professionals, Altaline brings together decades of collective experience in private equity investing and operational leadership. Approximately half of the firm’s team is dedicated to hands-on operational support, reflecting the firm’s commitment to partnering closely with management teams to drive transformational growth and long-term value creation.
“We believe that our operationally oriented approach, combined with deep sector expertise and a collaborative mindset, positions us to be a value-added partner to entrepreneurs and management teams,” said Brian Maher, Principal at Altaline. “Our team’s experience at leading global investment firms has instilled in us a disciplined investment philosophy and a passion for building enduring businesses.”
Altaline seeks to invest in companies with strong fundamentals and significant growth potential, providing flexible capital solutions and strategic guidance tailored to the unique needs of each business. The firm’s investment strategy is centered on supporting founder-led and entrepreneurial companies that are navigating inflection points, including expansion, technology or AI enablement, and operational scaling.
The founding team’s track record includes leadership roles and successful investments at globally recognized firms, with a history of partnering with management teams to accelerate growth, drive operational improvements, and achieve successful outcomes for all stakeholders.
“Our goal is to be more than just capital providers—we strive to be trusted partners who roll up our sleeves and work alongside management to unlock value and achieve shared success,” added Ian Balmaseda, Managing Director at Altaline.
“Our investment philosophy is anchored by a focus on enduringly profitable, recurring revenue-oriented businesses in defensive growth sectors where we can be a transformation agent and a catalyst for further growth,” said Rafael Telahun, Managing Director at Altaline. “We get particularly excited by companies with meaningful intellectual property, exceptional technical talent, significant acquisition opportunities or who have become a repository of critical data for their clients.”
Altaline is actively seeking new investment opportunities and welcomes inquiries from business owners, entrepreneurs, and intermediaries.