Announced
Completed
Synopsis
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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