LNC Partners has acquired OutSolve, a provider of affirmative action planning and compliance services to federal contractors. Five Points Capital co-invested alongside LNC Partners.
OutSolve’s services are used by government contractors to meet the requirements of Executive Order 11246, the Vietnam Era Veteran Readjustment Assistance Act (VEVRAA), and Section 503 of the Rehabilitation Act of 1973, among other regulations. Services include developing Office of Federal Contract Compliance Programs (OFCCP) compliant affirmative action plans, offering OFCCP audit support, and creating EEO-1 reports that comply with the requirements of the US Equal Employment Opportunity Commission. OutSolve was founded in 1998 and is based near New Orleans in Metairie, LA (www.outsolve.com).
LNC Partners invests from $4 million to $20 million in companies that have at least $10 million of revenue and at least $2 million of cash flow. Sectors of interest include business and information services; financial and insurance services; healthcare services; and niche manufacturing. LNC is a licensed Small Business Investment Company and has over $235 million of capital under management. The firm is based in Reston, VA (www.lnc-partners.com).
Five Points Capital invests equity and subordinated debt in lower middle market buyout, acquisition, growth, and recapitalization transactions as a control investor on a standalone basis or as a co-investor with other financial sponsors. Sectors of interest include business, healthcare and industrial services; niche manufacturing; value-added distribution; and education and training. The firm is headquartered in Winston-Salem, NC (www.fivepointscapital.com).
© 2016 Private Equity Professional • 11-17-16
