New York-based Bregal Sagemount, a growth-focused private equity firm, recently invested an undisclosed amount in Lancaster-based Harbor Compliance, a company helping businesses and nonprofit organizations manage regulatory requirements. This is a majority growth investment.
Pavan Tripathi, Bregal Sagemount co-founder and partner, will join Harbor Compliance’s board of directors along with Terrance Garrett, and Connor Pams from Bregal Sagemount, and John Weber, former CT Corporation CEO. Harbor Compliance Co-Founders Mike Montali and Megan Danz will support long-term strategy as board members and advisers.
Chad Nuss was appointed Harbor Compliance CEO and also will serve as a member of the board.
“Harbor Compliance has established a differentiated position in a large, highly fragmented market by delivering a modern, technology-native approach to entity compliance,” Tripathi said. “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.”
Harbor Compliance serves more than 80,000 clients in a variety of industries. It provides compliance solutions through its modular SaaS platform, Compliance Core, simplifying entity management, business licensing, and registered agent services and providing clear visibility into multi-state compliance obligations and reducing administrative complexity.