Levine Leichtman Capital Partners has completed a multi-asset continuation vehicle transaction involving Blue Ridge ESOP Associates, Milton Industries, and Resolution Economics

Client: Levine Leichtman Capital Partners

Client Location: United States

Targets: Blue Ridge ESOP Associates, Milton Industries, Resolution Economics

Target Locations: United States

Target Descriptions: 

Blue Ridge is the leading provider of technology enhanced solutions and services for the administration and recordkeeping of Employee Stock Ownership Plans (ESOPs) and associated 401(k) plans. Blue Ridge’s comprehensive service offerings and highly experienced professional administrators address the complex and mission-critical needs of ESOP businesses, which has provided the company with an unmatched reputation as the highest-quality service provider in the market. The company serves a large and diversified client base of over 700 ESOP and 401(k) Plan Sponsors with over 175,000 total plan participants. Founded in 1988, Blue Ridge is headquartered in Charlottesville, Virginia and has offices throughout the country.

Milton Industries is a leading provider of highly-engineered tools and accessories for pneumatic applications across a variety of end markets, including vehicle service, industrial MRO, aerospace and defense, and agriculture. The company has over 1,600 SKUs with products including couplers, gauges, chucks, blow guns, filters, regulators, and lubricators. Milton was founded in 1943 and is based in Chicago, Illinois.

Resolution Economics is a specialty consulting firm that provides economic and statistical analysis as well as expert testimony to leading law firms and corporations in labor & employment and commercial litigation matters.  Resolution specializes in highly complex class action lawsuits and, as such, employs a highly technical workforce, including 14 with PhDs and 23 with master’s degrees.  In addition, the company has over 70 SAS programmers, and 17 Resolution professionals have served as expert witnesses.  Founded in 1998, Resolution is headquartered in Los Angeles and has additional offices in Washington, DC, Chicago, IL, and New York, NY.

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