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Announced

Completed

Levine Leichtman-backed Blue Ridge ESOP completed the acquisition of the tax benefits plan services business of Crowe.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Single Bidder

employee benefits

Completed

Information / Data Services

United States

Domestic

Private Equity

Friendly

Private

Synopsis

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Levine Leichtman-backed Blue Ridge ESOP, an ESOP administration and ESOP recordkeeping services provider, completed the acquisition of the tax benefits plan services business of Crowe, a public accounting, consulting and technology firm. Financial terms were not dislcosed. “We are excited to bring together Crowe’s BPS business and people with Blue Ridge. The two businesses are a great fit, as the technical expertise of the BPS business' team and its personalized client-centric culture mirrors ours. We are grateful to our partners at LLCP for their valuable assistance in envisioning and executing this important transaction,” Bill Yoerger, Blue Ridge CEO.

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