Simplify Compliance Starts Info Roll-up
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Simplify Compliance Starts Info Roll-up

Leeds Equity Partners has formed and invested in Simplify Compliance Holdings, a buy-and-build platform with an exclusive focus on the governance, risk and compliance market. Simplify Compliance represents the first investment for Leeds Equity Partners VI.

Simultaneous with formation of Simplify Compliance, the company has the following four companies: (1) Fortis Business Media – a provider of services to assist companies in complying with state and federal legal requirements across a variety of areas such as human resources, occupational health and safety, and environmental. Fortis was formed through the February 2011 merger of Business & Legal Resources (BLR) and M. Lee Smith Publishers (www.blr.com) (www.hcpro.com); (2) DecisionHealth, a provider of information and services to healthcare businesses. DecisionHealth publishes Part B News, Home Health Line and numerous specialty coding newsletters, known throughout the industry as “Pink Sheets” (www.decisionhealth.com); (3) Argosy Group, a provider of specialized financial and business information services (Argosy Group web page); and  (4) Center for Communications Management Information (CCMI), a provider of data and information to the telecom industry (www.ccmi.com). DecisionHealth, Argosy Group, and CCMI were acquired from UCG, a business-to-business publishing company headquartered in Gaithersburg, MD (www.ucg.com):

Simplify Compliance is led by Dan Oswald, the current CEO of BLR, and is headquartered in the Nashville suburb of Brentwood, TN. “Leeds Equity’s track record of providing support to leading businesses in the knowledge industries is unmatched, and we view our partnership with Leeds as a strategic asset of the company,” said Mr. Oswald. “We chose to work with Leeds because of the depth of their experience and expertise, and we are confident that their resources will enable Simplify Compliance to continue its successful expansion through new growth initiatives.”

Leeds Equity Partners is focused exclusively on investing in the education, training and information services industries.  The firm was founded by Jeffrey Leeds and Robert Bernstein in 1993 and has raised and managed more than $1.5 billion of capital across six funds.  The firm is located in New York (www.leedsequity.com).

“Dan and his team, through this combination, have created a special business,” said Scott VanHoy, Managing Director of Leeds Equity Partners. “The company operates a differentiated, scalable platform that enables its customers and clients to operate effectively in the complex and fast-changing environments in which they participate.   We are excited to help the company continue to grow organically and through acquisitions.”

BLR and UCG were advised by New York-based media investment bank JEGI (www.jegi.com).

© 2016 Private Equity Professional | December 21, 2016

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