Houlihan Lokey Advises JJR Solutions on Its Sale to LMI Consulting

Houlihan Lokey is pleased to announce that JJR Solutions LLC (JJR) has been acquired by LMI Consulting, LLC (LMI), a portfolio company of Capitol Meridian Partners, Declaration Partners, and 22C Capital. The transaction closed on March 18, 2024.

Headquartered in Dayton, Ohio, JJR is a leading technology-enabled consultancy that applies human-centered design (HCD) and user/customer experience frameworks to improve the nation’s health and security through user experience and technology solutions. The company partners with customers to advance their performance through combining human-centered design and agile principles to develop highly tailored, low-code, cloud-based technology solutions. JJR’s unique go-to-market model helps organizations rethink the delivery of services that place people at the center of their problem-solving design process, revolutionizing their technology modernization efforts. JJR leverages its proprietary Magnify© framework to provide fully integrated assessments that greatly accelerate the adoption of JJR’s HCD capabilities. The company is a recognized leader in the Dayton community and has grown headcount by more than 65% since 2022.

Headquartered in Tysons, Virginia, LMI is a provider of technology-enabled management consulting, logistics, and digital and analytics solutions to the U.S. government. Combining a legacy of more than 60 years of federal expertise with an innovation ecosystem, LMI delivers integrated capabilities that incorporate emerging technologies and are tailored to customers’ unique mission needs, backed by objective research and data analysis. LMI’s technology studio, ForgeTM, constructs early-stage concepts on advanced technology through agile development and human-centered design.

The acquisition of JJR will enable LMI and JJR to provide additional technology and consulting capabilities across their highly complementary set of customers within the defense and federal healthcare domains. The combined entity expands its depth in key accounts such as the Air Force, Space Force, Department of Veteran Affairs, and Defense Health Agency, where the company will enhance its customers’ ability to achieve critical mission requirements.

Houlihan Lokey served as the exclusive financial advisor to JJR and marketed, structured, and negotiated the transaction on behalf of the company.