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New Deal


Announced

Completed

Levine Leichtman Capital Partners completed the investment in Blue Ridge ESOP Associates.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

ESOP plans

Acquisition

Majority

Outsourced HR and Staffing

Private

Single Bidder

Completed

United States

employee benefits solutions

Friendly

Synopsis

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Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, completed the investment in Blue Ridge ESOP Associates, a provider of technology enhanced solutions and services for the administration and recordkeeping of Employee Stock Ownership Plans and associated 401(k) plans. Financial terms were not disclosed. "Blue Ridge’s consistent growth and sterling reputation are a testament to its unique domain expertise in the ESOP and 401(k) industry, and to its specialized, comprehensive product suite. We are excited to partner with the existing owners and management team and to support them in accelerating growth and enhancing the product offering," Josh Kaufman, LLCP Managing Director.

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