Divestiture • Business Services

Library Systems & Services Acquires LAC Federal

On November 8, 2021, Library Systems & Services acquired business services company LAC Federal from LAC Group

Acquisition Context
  • This is Library Systems & Services’ 1st transaction in the Business Services sector.
  • This is Library Systems & Services’ 1st transaction in the United States.
  • This is Library Systems & Services’ 1st transaction in California.

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M&A Deal Summary

Date November 8, 2021
Target LAC Federal
Sector Business Services
Buyer(s) Library Systems & Services
Sellers(s) LAC Group
Deal Type Divestiture

Target Company

LAC Federal

Los Angeles, California, United States
LAC Federal provides comprehensive public sector library and information management services.
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Buyer Overview 1

Buyer

Library Systems & Services

Riverside, California, United States

Category Company
Founded 1981
Sector Business Services
DESCRIPTION

Library Systems & Services is a provider of outsourced library management services to municipalities in the United States. The company provides comprehensive, turnkey management services. Library Systems & Services was founded in 1981 and is based in Riverside, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

LAC Group

Los Angeles, California, United States

Category Company
Founded 1986
Sector Information Services
DESCRIPTION

LAC Group is a provider of outsourced knowledge management, information, library, and research services to market-cap leading customers across multiple industries, including media, legal, energy, aerospace & defense, academia, and federal government agencies. LAC Group was established in 1986 and is based in Los Angeles, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 ShiftCentral

New York, New York, United States

ShiftCentral is a premiere market and competitive intelligence agency specializing in delivering highly-customized, analyst-driven insights and analysis for clients in the professional services, healthcare, financial services, technology and public sectors across the United States, Canada, and the United Kingdom.

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