Trilantic Capital Partners to buy Addison Group
Lake Capital Partners has agreed to sell Chicago-based professional staffing firm Addison Group to Addison management and private equity firm Trilantic Capital Partners.
Terms of the sale were not disclosed.
New York-based Trilantic said it plans to provide “substantial additional strategic capital” to help fuel Addison’s growth and support future acquisitions.
Addison’s chief executive Thomas B. Moran said, “We look forward to Trilantic’s strategic and financial support as we continue to execute on our growth strategy, which includes expanding nationally through both organic initiatives and executing tuck-in acquisitions.
William Blair & Co. acted as the exclusive financial adviser to Addison Group on the deal.