Reston, VA – April 4, 2018. LNC Partners ("LNC") is pleased to announce that its portfolio company OutSolve, LLC (“OutSolve” or the “Company”) recently completed the purchase of The Van Zant Resource Group’s affirmative action practice (“VRG”). OutSolve is a leading provider of affirmative action planning and compliance services for federal contractors. This is Outsolve’s third acquisition since LNC made its initial investment in November 2016. During this period the Company has nearly doubled its revenue, and it plans to further accelerate growth via organic initiatives as well as additional acquisitions and partnerships.
“Purchasing the affirmative action practice of VRG, a well-respected and experienced HR consulting company, brings great value to OutSolve including a skilled team of consultants and the expansion of our offerings,” said Outsolve’s President and Co-Founder, Jeremy Mancheski. “This purchase, along with other acquisitions and partnerships, supports our growth strategy, and further differentiates OutSolve as a complete compliance solution.” “We are thrilled to support OutSolve’s founder-led executive team as the Company continues to expand its service offerings and deepen its talent base in order to deliver exceptional value to its customers,” said Matt Kelty, Managing Partner of LNC.
About LNC Partners
LNC Partners is a Northern Virginia based private equity firm with over $235 million of capital under management that provides flexible capital solutions to lower middle market companies. The firm seeks companies that generate at least $2 million of EBITDA across a broad range of industries and places an emphasis on executive-owned and family-owned businesses.
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