RLJ Equity Partners LLC acquired a majority stake in Crossfuze LLC from fellow private equity firm Palladian Capital Partners, the PE Hub Network reported, citing a news release.
Crossfuze provides consulting, implementation and design services and resale of the ServiceNow technology platform.
OFS Capital Management provided a term loan and revolving line of credit for the transaction. Financial terms of the deal were not disclosed.
DLA Piper LLP provided legal counsel to RLJ Equity Partners. Chesia Shahinian & Giantomasi PC provided Palladian Capital legal counsel, and Raymond James & Associates served as its financial adviser.