BIRMINGHAM, AL. (January 29, 2025) – Founders is pleased to announce that Loss Prevention Services (“LPS”) has been recapitalized by Clearview Capital (“Clearview”). Loss Prevention Services was exclusively advised by principals of Founders Advisors LLC (“Founders”) in this transaction.

Loss Prevention Services was co-founded by Sterling and Shannon Gay in 2009 and acts as an intermediary in the asset recovery value chain, offering services such as forwarding, skip tracing, license plate recognition, and other related solutions. By utilizing proprietary technology, LPS streamlines manual processes to deliver outstanding results for both lender clients and recovery agent partners. Known for its high-quality performance, exceptional customer service, and advanced compliance standards, the company has built a strong industry reputation which has helped drive significant growth in recent years.

Sterling and Shannon Gay have leveraged their industry expertise to build LPS into a market leader. They will remain involved at the board level, while day-to-day operations will continue under President & CEO David Cowlbeck and the existing management team. This transaction brings in an experienced partner to support LPS’s next growth phase, with Sterling, Shannon, and David retaining significant equity stakes. The company will maintain its headquarters in Natchez, Mississippi, along with its office in Grandville, Michigan.

“We are happy to find a partner like Clearview to help guide LPS into its next stage of growth,” said Sterling Gay. “The expertise and resources of the Clearview team will be invaluable in helping the Company execute on new opportunities. We are also deeply grateful to the Founders team for their unwavering support and expert guidance throughout this transaction process. Their understanding of our business and dedication ensured a smooth and successful outcome. We are very excited about the strategic direction and growth potential of the Company.”

“We are proud of the unique customer-centric culture that we have built at LPS,” stated David Cowlbeck. “Partnering with Clearview opens the door for new opportunities to expand our market presence and drive differentiated outcomes for our customers. We would like to sincerely thank the Founders team for their invaluable support during this process. Their experience and professionalism were instrumental in navigating this transaction and positioning us for future success. We look forward to leveraging our talented employee base, unique technological capabilities, and deep relationships to enable the Company to reach new heights.”

“We are thrilled to begin our partnership with the LPS team,” said Paul Caliento, Partner of Clearview Capital. “We were impressed with Sterling, Shannon, David, and the rest of the management team who have driven significant growth in the business through their talent, hard work, and industry expertise. LPS’s technology platform and longstanding relationships with customers and agents create an attractive foundation, which will drive growth for years to come.”

“We are honored to have had the opportunity to work with the LPS team on this milestone transaction,” said Zane Tarence, Partner and Managing Director at Founders. “We sincerely thank Sterling, Shannon, David, and the entire LPS team for placing their trust in us to guide them through this process. Congratulations on this exciting partnership with Clearview Capital, which positions LPS for continued growth and success.”

William Short, Vice President at Founders, added, “It was a pleasure working alongside both the LPS and Clearview teams throughout this transaction. Their collaboration and shared vision were evident every step of the way, and I look forward to seeing how this new partnership propels LPS to even greater heights in the years ahead.”

To view Clearview Capital’s full press release, please visit here.

About Loss Prevention Services

Loss Prevention Services offers lenders a range of skip locate, repossession and transport services led by a dedicated and experienced management team with the industry knowledge and experience needed to successfully reduce delinquent auto portfolios. LPS is focused on innovation, revolutionizing, and improving the repossession industry while maintaining the highest ethical standards. Their approach in exceeding expectations has helped them earn the highly regarded reputation as a leading national service company. To learn more, please visit www.losspreventionservices.net.

About Clearview Capital

Founded in 1999, Clearview Capital is a private investment firm specializing in the acquisition and recapitalization of lower-middle market companies in North America. Since inception, the Clearview Capital team has completed more than 150 transactions in a wide variety of industries. The firm is headquartered in Stamford, Connecticut and has additional offices in California, North Carolina and Tennessee. To learn more, please visit www.clearviewcap.com.

About Founders Advisors

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. To provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory is a wholly owned subsidiary of Founders Advisors. Neither Founders M&A Advisory nor Founders Advisors provide investment advice. For more information, please visit www.foundersib.com.