Houlihan Lokey Advises FFL Partners

Houlihan Lokey is pleased to announce that FFL Partners (FFL) has completed a majority investment in ProService Hawaii (ProService), a provider of outsourced human resources services.

FFL is a San Francisco-based private equity firm with over $4.5 billion under management. For over fifteen years, the firm has helped build industry-leading companies, providing capital and advice to exceptional management teams to grow their businesses and unlock value. FFL has deep experience in investing and operations and has brought large-company best practices and professional networks to smaller companies. FFL invests in business services, industrials, consumer products and services, financial services, and healthcare services companies.

Headquartered in Honolulu, Hawaii, ProService provides essential human resource-related payroll, benefits, administrative, compliance, and risk management services to small and medium-sized businesses on a turnkey, outsourced basis. The company serves more than 2,000 customers in Hawaii, where it is the largest business of its kind. ProService offers a professional employer organization (PEO) co-employment model and a human resources outsourcing model for larger clients.

ProService adds to FFL’s leading presence and differentiated focus on the emerging HR services space. Previous investments include Crisis Prevention Institute, a provider of non-violent crisis intervention training; Interactive Health, a provider of corporate health management and preventive wellness programs; and Korn Ferry, the world's leading provider of executive management solutions.

Houlihan Lokey served as the exclusive financial advisor to FFL. Members of the Houlihan Lokey HR Services team are among the most active advisors in this sector, with this most recent transaction strengthening Houlihan Lokey's leadership in the business services universe and highlighting the firm’s continued momentum and leadership in HR services and the PEO subsector.