Los Angeles-based private equity firm Levine Leichtman Capital Partners LLC acquired specialty consulting firm Resolution Economics LLC, in partnership with the existing management team.
The deal marks the seventh investment from the LLCP Lower Middle Market Fund LP. Financial details of the transaction were not disclosed.
CNL Strategic Capital LLC co-invested in Resolution Economics with a $10 million investment.
Resolution Economics provides economic and statistical analysis as well as expert testimony to leading law firms and corporations in labor and employment and commercial litigation matters. The company is headquartered in Los Angeles and has additional offices in Washington, D.C.; Chicago; and New York.
Kirkland & Ellis acted as legal adviser to Levine Leichtman Capital, while Houlihan Lokey was financial adviser to Resolution.