The Riverside Company Becomes Majority Investor in OutSolve; LNC Partners Recapitalizes Stake
October 17, 2022
The Riverside Company has acquired a majority equity stake in OutSolve, LLC, a Metairie, Louisiana-based provider of outsourced labor and employment compliance solutions. LNC Partners sold the majority interest held in its Fund I while LNC's Fund II also joined as a new investor; Riverside plans to drive growth through add-on acquisitions and expanding adjacent services such as pay equity, DE&I and ESG.
- Buyers
- The Riverside Company, LNC Partners Fund II
- Targets
- OutSolve, LLC
- Sellers
- LNC Partners (Fund I)
- Industry
- Staffing & HR
- Location
- Louisiana, United States
- Transaction Type
- Recapitalization
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