BharCap, a private equity firm, completed the acquisition of ARMStrong, an insurance and commercial B2B receivable management firm, from Incline Equity Partners, a private equity firm. Financial terms were not disclosed. “Mike Baldwin and his team have built a highly differentiated service provider for insurance companies and corporate clients. We hope to leverage our knowledge and relationships within the insurance industry to help the team continue to grow the business,” Bharath Srikrishnan, BharCap Co-Founder and Managing Partner.