Oct 11, 2024
Metairie-based OutSolve, a labor and employment consulting firm and a portfolio company of The Riverside Company, will combine forces with private-equity backed Labor Law Center. The merger announcement was made by Labor Law Center’s investor Kian Capital Partners, a private investment firm that has $1 billion of capital under management. “We are excited to partner with The Riverside Company and the team at OutSolve to build upon the success that each company has experienced to date,” said Kian Principal David Hare. “The transaction creates a true leader in the compliance space and allows the consolidated organization to better serve its core customer base. Kian is proud to continue to support the business and maintain our investment as the combined OutSolve and LLC continues its next chapter of growth.” Founded in 1998, OutSolve provides outsourced labor and employment compliance solutions to help companies comply with employment-related regulatory requirements, such as affirmative action plan preparation, OFCCP (Office of Federal Contract Compliance Programs) audit support, pay equity, state pay reporting, and EEO (Equal Employment Opportunity) reporting. OutSolve’s combination with Labor Law Center increases compliance service offerings and further helps business clients to adhere to federal contracting standards and other labor and employment regulations. Kian will continue its investment with Labor Law Center and become a meaningful minority investor in OutSolve alongside The Riverside Company. “We are excited to join forces with Jeremy Mancheski and the rest of the talented team at OutSolve. This compelling combination allows us to offer an even more powerful set of solutions to meet the needs of our customers,” said LLC CEO Cat Caruso. “Kian has been a valuable partner to the entire leadership team at Labor Law Center over the past three years as we have worked to implement key systems and processes and execute on strategic initiatives to grow the platform. We’re confident this is only the beginning for the company.”
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