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Ã×À¼ÌåÓý’s Latest Investment in Labor Law Center Boosts Compliance Solutions for OutSolve

Ã×À¼ÌåÓý, a global private investor focused on the smaller end of the middle market, has invested in Labor Law Center, a premier provider of labor law compliance services. This investment is the latest addition to Riverside’s portfolio company, OutSolve LLC, further supporting the company’s strategic expansion goals. Labor Law Center’s existing investor, Kian Capital, will continue its investment with the business and become a significant minority investor in OutSolve.

Labor Law Center has built a strong reputation for its reliable and efficient services, helping businesses nationwide stay current with ever-changing labor compliance regulations.

“This investment advances our growth plans for OutSolve–enhancing the company’s existing capabilities while expanding into complementary compliance markets,� said Riverside Partner Drew Flanigan. “Through our two-year hold, OutSolve has grown its core business while adding strategic adjacent products and services. We look forward to seeing this level of success continue with the addition of Labor Law Center.�

This add-on is another example of Riverside’s expertise in investing in and growing tech-enabled business service companies. Riverside has invested in more than 380 business service companies since its inception in 1988.

“Labor Law Center brings an unmatched expertise that seamlessly complements our existing services,� said OutSolve Founder and CEO Jeremy Mancheski. “By integrating Labor Law Center’s services, we’re able to offer clients the convenience and efficiency of managing regulatory obligations through a single provider.�

“We are excited to partner with Kian Capital to continue building the combined Labor Law Center and OutSolve businesses to better serve customers,� said Riverside Principal Daniel Grinnan. “The two businesses combined will expand upon OutSolve’s value proposition as a comprehensive compliance solution for all customers.�

Working with Flanigan and Grinnan on this investment for Riverside were Vice President Scott Henderson, Senior Associate Jared Beauchamp and Senior Associate Armando Torres. Senior Partner Anne Hayes secured the debt financing, and the investment was sourced by Origination Partner Grant Marcks.