Mainsail Partners Announces Three Portfolio Companies Ranked Among Fastest Growing by Inc. Magazine
PayLease ranked 344th on Inc. 500|5000 list
San Francisco, CA, August 23, 2011 Mainsail Partners, a leading growth equity firm based in San Francisco, is excited to announce that three of its portfolio companies were recognized by Inc. on the magazine’s annual list of fastest growing privately held companies in the United States. The 2011 list ranks companies by revenue growth when comparing 2007 to 2010. Mainsail companies making the Inc. 500|5000 list were PayLease, Professional HealthCare, and Novus Biologicals.
“We are always excited when our companies make the Inc. 500|5000 list, but we are especially proud to see three of our companies on the 2011 list, which measures growth during one of the most challenging economic periods in recent history,” said Gavin Turner, founding Partner of Mainsail Partners. “We are in the business of building companies and driving growth in partnership with our management teams, and inclusion on Inc.’s list of fastest growing companies is a meaningful demonstration of our success.”
Co-founding Partner Jason Payne added, “In addition to being an investment partner, we are entrepreneurs who understand the challenges of delivering consistent, substantial growth while maintaining profitability. We would like to congratulate the teams at PayLease, Novus and Professional HealthCare for this validation of their hard work and commitment.”
- PayLease, based in San Diego, CA, is a leading electronic payment platform for residential and commercial property management companies in the United States. This is the 2nd year for PayLease on the Inc. 500|5000 list, coming in at #344.
- Professional HealthCare, a leading regional provider of home nursing, hospice, and private duty services is making its debut on the Inc. list at #1762. Mainsail recently announced it had signed an agreement to sell Professional HealthCare to Kindred HealthCare.
- Novus Biologicals ranked #2831 this year, making it the 5th consecutive year Novus has appeared on the Inc. list. Novus is an e-commerce and life sciences company that develops, licenses, and markets research materials to scientists in academic, corporate, and government laboratories.
The Inc. list represents a comprehensive look at the most important segment of the economy-America’s independent-minded entrepreneurs. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.
About Mainsail Partners
Mainsail Partners is a San Francisco-based growth equity firm focused on investing in successful “bootstrapped” businesses and building them into great companies. Mainsail partners with entrepreneurs and management teams to accelerate growth through operational expertise and targeted capital investments. Mainsail was recently recognized by Buyouts magazine as one of six private equity firms considered to be “among the best of the next generation”. For more information, go to www.mainsailpartners.com.