Millstein & Co. Forms Government Revenue Solutions Through Acquisitions

Millstein & Company announced that it has formed Government Revenue Solutions (GRS) through its acquisition of MuniServices, Revenue Discovery Systems (RDS), Broussard Partners, and eGov Systems from PRA Group.  GRS is a provider of revenue enhancement technology and consulting services to various government agencies throughout the U.S.   The consideration paid was $91.5 million plus additional amounts for certain balance sheet items.  As part of the transaction, Craig Adler will take the help as Executive Chairman and CEO.  Adler was formerly the EVP and CFO at DLT Solutions.  Lazard Middle Market was the financial advisor to PRA.