M&A Deal Summary

Trilantic North America and Lake Capital Acquire Addison Group

On September 30, 2013, private equity firms Trilantic North America and Lake Capital acquired staffing company Addison Group

Acquisition Highlights
  • This is Trilantic North America’s 1st and Lake Capital’s 2nd transaction in the Staffing sector.
  • This is Trilantic North America’s 19th and Lake Capital’s 31st transaction in the United States.
  • This is Trilantic North America’s 2nd and Lake Capital’s 6th transaction in Illinois.
Investment Fate
  • Addison Group was sold to a consortium of financial buyers in 2016.
  • Addison Group was recapitalized in 2022.

M&A Deal Summary

Date 2013-09-30
Target Addison Group
Sector Staffing
Buyer(s) Trilantic North America
Lake Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair (Financial)

Target

Addison Group

Chicago, Illinois, United States
Addison Group delivers the expertise and talent that companies need to achieve and sustain business growth, offering a full suite of consulting services and talent solution capabilities across multiple sectors, including information technology, finance and accounting, healthcare, human resources, administrative, and digital marketing. Addison Group was formed in 1999 and is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 20 of 55
Sector (Staffing) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 12
State (Illinois) 2 of 4
Country (United States) 19 of 53
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Traeger

Salt Lake City, Utah, United States

Traeger is a manufacturer of wood pellet-burning barbeque grills and smokers. Traeger uses 100% all-natural hardwood fuel to infuse food with flavorful smoke, making food taste delicious and most of all, memorable. Traeger was founded in 1986 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 Antero Resources

Denver, Colorado, United States

Antero Resources is an independent oil and gas company focused on the exploration and exploitation of unconventional natural gas resources within the Rocky Mountain, Mid-Continent and Appalachia regions of the United States. Antero Resources was founded in 2002 and is based in Denver, Colorado.

Sell -
Buyer

Lake Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lake Capital is a private equity firm that targets a limited number of middle-market, service-based companies. The firm typically allocates $50 to $75 million equity to each portfolio company initiative. However, with seller financing, third-party debt, and co-investment opportunities, significant capital (in addition to the initial equity allocation) is available to each initiative. The service-based businesses the firm pursues include marketing services, finance-related services, specialty services, healthcare services, consumer services, technology services, business process outsourcing services, and marketing services. The firm is typically interested in buyout, partnership and start-up opportunities. Lake Capital was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 32 of 33
Sector (Staffing) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 13 of 13
State (Illinois) 6 of 6
Country (United States) 31 of 31
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 FishNet Consulting

Kansas City, Missouri, United States

FishNet Security, Inc. is an information network security solutions company. FishNet's services include consulting, audit, monitoring, account management, integration, support and training.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 ORC International

Princeton, New Jersey, United States

ORC International, Inc. provides collaborative and consultative research solutions for organizations worldwide.

Sell -