Houlihan Lokey Advises Anser Advisory (1)

Houlihan Lokey is pleased to announce that Anser Advisory, LLC (Anser), a portfolio company of RTC Partners, LP (RTC), has been recapitalized by Sterling Investment Partners (Sterling). The transaction closed on March 1, 2021.

Anser is a national firm specializing in capital program advisory and consulting services, including strategy, funding, process, and organization preparedness as well as project, program, and agency construction management and controls. Anser services cover the capital development cycle from preplanning through construction and closeout across a wide range of end markets, including transportation, energy, aviation, K-12 and higher education, state/local government, healthcare, water/sewer, cultural, and housing. Anser is ranked 15 in ENR’s 2020 Top 50 Program Management Firms, ranked second on the Zweig AE Fastest Growing Hot List for 2020, and a certified Great Places to Work organization.

RTC is a private investment firm that specializes in building middle-market growth platforms. Together with management partners, RTC builds market-leading companies through a combination of acquisitive and organic growth while establishing highly professionalized corporate infrastructures that are capable of scaling organizations to the next level. Their strategies focus on high-growth niches of professional, business, and healthcare services industries.

Sterling is a private equity firm that has been investing in and building middle-market companies for more than 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on business services and value-added distribution, acquiring companies that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed more than 180 transactions, representing $18.0 billion in transaction value.

Houlihan Lokey served as the exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of Anser Advisory and RTC Partners. This deal exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the engineering, industrial, and infrastructure services sector.