Addison Group Announces Renewed Partnership with Trilantic North America

Addison Group (“Addison”), a national leader in professional services specializing in talent solutions and consulting services, announced today a new capital investment from Trilantic North America, a leading, growth-focused private equity firm. Trilantic North America was joined in this recapitalization by a group of co-investors that includes funds managed by Neuberger Berman.

Trilantic North America had previously invested in Addison from 2013 to 2016, and this renewed partnership will support Addison’s continued expansion, through both organic growth and strategic acquisitions.

Founded in 1999, Addison delivers the expertise and talent that companies need to achieve and sustain business growth, offering a full suite of consulting services and talent solution capabilities across multiple sectors, including information technology, finance and accounting, healthcare, human resources, administrative, and digital marketing.

With the completion of the new capital investment from Trilantic North America, Odyssey Investment Partners, LLC, will be exiting the investment it made in Addison. Odyssey Investment Partners, LLC invested in Addison in December 2016. Since 2016, Addison has tripled through national expansion, investment in project consulting services, and completed five strategic acquisitions of high-growth consulting services and talent solution firms.

“Addison has consistently experienced accelerated growth, even during the pandemic. With more businesses realizing the benefits of adopting an agile workforce, we are well-positioned to take full advantage of the quickly changing human capital environment,” said Thomas Moran, Chief Executive Officer of Addison Group. “Our company is in a prime position to succeed, with demand for consulting services and talent solutions increasing in areas such as fintech & automation, cyber security, compliance, digital transformation, talent resources, retention, and recruiting. In partnership with Trilantic North America, we look forward to furthering our growth trajectory and continuing to create impactful relationships built on trust, commitment, and longevity with our clients, consultants, and candidates in local markets.”

“Since our last partnership, Addison has continued to solidify its position as a provider and employer of choice in the large and growing professional services and talent solutions markets,” said Jeremy Lynch, Partner of Trilantic North America. “We are delighted to back this world-class team again, and to support the continued expansion of Addison’s professional services offerings, deep client relationships, and reach across local markets, during this next phase of growth.”

Even during significant national expansion, Addison has maintained a local consultative business approach dedicated to its people-first culture. Addison continues to be recognized with accolades for top performance and workplace culture, including Inc. 5000, Inc. Best Workplaces, Crain's “Fast Fifty,” Staffing Industry Analysts’ (SIA) Staffing 100 List, and multiple Regional Top Workplaces.

Houlihan Lokey and Credit Suisse served as financial advisors and Latham & Watkins LLP served as legal counsel to Addison in connection with the transaction. Goldman Sachs & Co. served as financial advisor and Kirkland & Ellis LLP served as legal counsel to Trilantic North America.