Harbor Compliance Secures Majority Growth Investment from Bregal Sagemount and Appoints New CEO

LANCASTER, Pa.–(BUSINESS WIRE)–Harbor Compliance, a leading provider of entity compliance solutions for nonprofit and mid-market corporate customers, today announced that it has received a majority growth investment from Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm. Terms of the transaction were not disclosed.

Founded in 2012 and headquartered in Lancaster, Pennsylvania, Harbor Compliance delivers entity compliance solutions through its modular SaaS platform, Compliance Core, providing a single, end-to-end system of record in an industry historically dominated by fragmented, service-heavy workflows. Serving more than 80,000 organizations across diverse industries, the Company’s solutions span business entity management, licensing, tax registration, and records management – providing customers with clear visibility into multi-state compliance obligations and reducing administrative complexity.

“When we founded Harbor Compliance, our goal was to build a technology-driven platform that fundamentally improves how organizations manage complex regulatory requirements,” said Mike Montali, Co-Founder of Harbor Compliance.

“Over the past decade, we have scaled the business thoughtfully while remaining deeply committed to our customers and our team,” added Megan Danz, Co-Founder of Harbor Compliance. “This is a defining moment for Harbor Compliance. With Bregal Sagemount as our partner and Chad as CEO, we believe the Company is exceptionally well-positioned to scale with discipline, deepen its platform, and continue delivering trusted compliance solutions to customers nationwide.”

In addition, Chad Nuss has been appointed Chief Executive Officer and Board Member of Harbor Compliance. “I’m excited to join Harbor Compliance at such an important moment in its journey. The Company has built a strong foundation and an outstanding team, and I look forward to working closely with them and our new partners to continue investing in the platform and delivering even greater value to our customers,” said Nuss.

“Harbor Compliance has established a differentiated position in a large, highly fragmented market by delivering a modern, technology-native approach to entity compliance,” said Pavan Tripathi, Co-Founder and Partner at Bregal Sagemount. “We are excited to partner with Mike, Megan, Chad, and the broader Harbor team to accelerate investments in product innovation, artificial intelligence, customer experience, and go-to-market capabilities to deliver the best-in-class solutions for Harbor’s clients.”

As part of the investment, Pavan Tripathi, Terrance Garrett, and Connor Pams from Bregal Sagemount will join the Company’s Board of Directors, alongside industry veteran John Weber, former CEO of CT Corporation. Mike Montali and Megan Danz will continue to support Harbor Compliance’s long-term strategy as Board members and advisors.

Stifel served as exclusive financial adviser, and Royer Cooper Cohen Braunfeld LLC provided legal counsel to Harbor Compliance. Sagemount was advised by William Blair and Goodwin Procter LLP.

About Harbor Compliance:

Founded in 2012, Harbor Compliance helps businesses and nonprofits manage regulatory requirements nationwide through expert services and proprietary compliance technology. The company has served over 80,000 clients across a wide range of industries, simplifying entity management, business licensing, and registered agent services. For more information, visit www.harborcompliance.com.

About Bregal Sagemount:

Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion in cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 90 companies in a variety of sectors, including software, information and data services, financial technology and financial services, digital infrastructure, healthcare IT, and business and consumer services. The firm has offices in New York, Palo Alto, and Dallas. For more information, visit www.sagemount.com or follow us on LinkedIn.

Disclosure: Endorsements presented herein are made by current or former portfolio company executives, over which Bregal Sagemount may have the ability to exercise discretion on employee compensation, promotion and other employment decisions and may also be investors in Bregal funds.

Contacts

Bregal Sagemount
Siqi Wu
Marketing & Communications Manager
Siqi.wu@bregal.com