M&A Deal Summary

The Riverside Company Acquires OutSolve

On October 17, 2022, private equity firm The Riverside Company acquired business services company OutSolve from LNC Partners and Five Points Capital

Acquisition Highlights
  • This is The Riverside Company’s 22nd transaction in the Business Services sector.
  • This is The Riverside Company’s 193rd transaction in the United States.
  • This is The Riverside Company’s 3rd transaction in Louisiana.

M&A Deal Summary

Date 2022-10-17
Target OutSolve
Sector Business Services
Buyer(s) The Riverside Company
Sellers(s) LNC Partners
Five Points Capital
Deal Type Recapitalization
Advisor(s) Houlihan Lokey (Financial)
Moore & Van Allen (Legal)

Target

OutSolve

Metairie, Louisiana, United States
OutSolve is a provider of comprehensive affirmative action planning and compliance solutions to help federal contractors meet the full requirements of Executive Order 11246, The Vietnam Era Veteran Readjustment Assistance Act, and Section 503 of the Rehabilitation Act of 1973, among other regulations. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

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Buyer(S) 1

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 278 of 284
Sector (Business Services) 22 of 23
Type (Recapitalization) 5 of 5
State (Louisiana) 3 of 3
Country (United States) 193 of 196
Year (2022) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 Applied Educational Systems

Lancaster, Pennsylvania, United States

Applied Educational Systems is a provider of digital career and technical education content for K-12 schools and career centers. Applied Educational Systems was founded in 1987 and is based in Lancaster, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 BioDue

Sambuca, Italy

BioDue is a dietary supplement and medical device company that provides customers with a full-service offering, ranging from raw material sourcing development and formulation, production, packaging, and regulatory affairs, to commercialization. It boasts a high-quality customer base including some of the largest pharma and nutraceutical companies in Europe and five well-invested production sites. BioDue was formed in 1986 and is based in Sambuca, Italy.

Buy -

Seller(S) 2

SELLER

LNC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.


DEAL STATS #
Overall 25 of 26
Sector (Business Services) 3 of 3
Type (Recapitalization) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 25 of 26
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 GCG Wealth Management

Charlotte, North Carolina, United States

GCG Wealth Management is a regional financial services firm with field offices across the Southeast US. GCG offers a broad spectrum of services aimed at building and managing wealth including, but not limited to, financial planning, retirement and estate preservation, risk management, and family wealth counseling. GCG Wealth Management is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Stretch Zone

Fort Lauderdale, Florida, United States

Stretch Zone is a franchisor focused on stretch therapy solutions and the only company that combines a proprietary stretch method with patented stretching equipment (Stretch Zone Stabilization System) to improve muscle function throughout the body. Stretch Zone was founded in 2004 and is based in Fort Lauderdale, Florida.

Buy -
SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 50 of 58
Sector (Business Services) 6 of 9
Type (Recapitalization) 5 of 5
State (Louisiana) 1 of 1
Country (United States) 50 of 58
Year (2022) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 Westwood Laboratories

Azusa, California, United States

Westwood Laboratories is a full-service contract manufacturer of consumer staple products specializing in the beauty, personal care, pet and OTC drug markets. Westwood Laboratories was founded in 1948 and is based in Azusa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 ISG

Indianapolis, Indiana, United States

ISG provides services and parts to critical-to-process industrial rotating equipment for a diversified blue chip customer base comprised mainly of large industrial, power, paper, and energy companies. ISG was founded in 2018 and is based in Indianapolis, Indiana.

Sell -