Houlihan Lokey Advises OutSolve

Houlihan Lokey is pleased to announce a majority equity investment in OutSolve LLC, a portfolio company of LNC Partners, by The Riverside Company (Riverside). The transaction closed October 13, 2022.

Founded in 1998 and based in Metairie, Louisiana, OutSolve provides labor compliance solutions to help clients adhere to federal contracting standards and other regulations designed to promote nondiscriminatory policies in the workplace. The company services more than 2,000 clients in a variety of industries across the U.S.

LNC Partners is a private equity firm focused on helping middle-market companies achieve their potential by offering strategic support and flexible capital in the form of equity (majority or minority positions) and debt. LNC Partners, based in northern Virginia, invests across a broad range of service industries and typically provides at least $10 million of capital to companies that generate at least $2 million of EBITDA.

Riverside is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 850 investments. The firm’s international private equity and structured capital portfolios include more than 140 companies.

Houlihan Lokey served as the financial advisor to OutSolve in connection with the transaction. This deal exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the Specialty Consulting and Risk market to deliver an outstanding result to the selling shareholders.