Houlihan Lokey Advises Eliassen Group

Houlihan Lokey is pleased to announce the sale of Eliassen Group, LLC, a portfolio company of Riverside Partners, to Stone Point Capital. The transaction closed and announced on November 5, 2018.

Eliassen Group, a portfolio company of Riverside Partners, provides strategic talent solutions to drive its clients' innovation and business results. Leveraging nearly 30 years of success, Eliassen's expertise in IT staffing, Agile consulting, creative services, managed services, and life sciences enables them to partner with clients to execute their business strategy and scale effectively. Headquartered in Reading, Massachusetts with offices from coast-to-coast, Eliassen Group offers local community presence, deep networks, as well as national reach.

Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI, L.P. The fund focuses on growth-oriented companies primarily in the technology and healthcare industries. Riverside Partners is particularly experienced at partnering with founders, owners, and management teams bringing substantial domain expertise and operating experience to its portfolio companies.

Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, Connecticut. The firm has raised and managed seven private equity funds—the Trident Funds—with aggregate committed capital of approximately $19 billion. Stone Point Capital targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, real estate finance and service businesses, specialty lending and other credit opportunities, mortgage services companies, employee benefits, and healthcare companies.

Houlihan Lokey served as the exclusive financial advisor to Eliassen Group. Houlihan Lokey's Human Capital Management (HCM) team is among the most active M&A advisors in the market, having closed 17 HCM transactions in the last 24 months. This most recent transaction further strengthens Houlihan Lokey's leadership in the business services universe and highlights continued momentum and leadership in the HCM sector which includes staffing, recruitment, VMS, MSP, RPO, and PEO.