Houlihan Lokey Advises UL Solutions

Houlihan Lokey is pleased to announce that UL Solutions Inc. (NYSE:ULS) has signed a definitive agreement to sell its Employee Health and Safety software business to an affiliate of Peak Rock Capital (Peak Rock).

UL Solutions has signed a definitive agreement to divest its Employee Health and Safety software business. This divestiture will allow UL Solutions to focus on its core ULTRUS® software portfolio, which provides customers with risk and compliance software solutions that drive product safety and innovation, supply chain transparency, and enterprise sustainability.

Upon the closing of the transaction, Peak Rock intends to rebrand the business as PureEHS. PureEHS’ leading software suite will provide customers with comprehensive employee health and safety, occupational health management, and workplace safety training solutions through four products: PureOHS, OHM, SYSTOC, and LearnShare. PureOHS and OHM provide customers with employee health and safety (EHS) and occupational health management (OHM) software solutions. SYSTOC provides customers with electronic medical record and practice management software solutions. PureEHS will also provide customers with workplace safety training and learning management system solutions through its LearnShare software platform and robust training content library.

A global leader in applied safety science, UL Solutions transforms safety, security, and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection, and certification services, together with software products and advisory offerings, that support its customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in its customers’ products and reflects an unwavering commitment to advancing its safety mission.

Peak Rock is a leading private investment firm focused on the middle market that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to midsized real estate assets in attractive, growing geographies.

Houlihan Lokey served as the exclusive financial advisor to UL Solutions and played a critical role in marketing, structuring, and negotiating the agreed transaction. This deal exemplifies the continued success of Houlihan Lokey’s dedicated EHS, GRC, and professional learning global coverage.

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