Investcorp to acquire a majority stake in CrossCountry Consulting.

Investcorp, a global alternative investment firm, agreed to acquire a majority stake in CrossCountry Consulting, a business advisory firm, with participation from Public Sector Pension Investment Board. RLH Equity Partners will continue as an investor. Financial terms were not disclosed. "We are excited to partner with the CrossCountry team who have driven strong organic growth and profitability since inception. CrossCountry's relentless focus on exceptional client service has enabled this sustained track record of growth. There are several macro themes driving continued opportunity in accounting advisory, including the rise of outsourcing and the evolving role of the finance function to involve technology as businesses digitize their operations. We believe that our long history of working with professional services companies, and the potential synergies across our current portfolio in this space, will help CrossCountry achieve its next phase of growth," Dave Tayeh, Investcorp Head of Private Equity – North America.