Ropes & Gray Represents Kohlberg & Company in Agreement to Acquire Majority Stake in Engage PEO
Ropes & Gray advised Kohlberg & Company, LLC in its partnership with Engage PEO, a professional employer organization providing HR outsourcing solutions to small and mid-sized businesses across the U.S. As part of this transaction, Kohlberg will acquire a majority stake and partner with existing investor Lightyear Capital LLC and the Engage management team. Terms of the transaction were not disclosed. The announcement was made in a press release on August 9.
Kohlberg is a middle market private equity firm based in Mount Kisco, New York. Over the firm’s 36-year history, the firm has organized 11 private equity vehicles totaling in aggregate over $14 billion.
The Ropes & Gray team advising in this transaction was led by private equity partners Will Shields, Andrew Silver and associate Elizabeth Langton, finance partner Scott Rolnik, executive compensation & employee benefits partner Jenny Rikoski, employment partner Richard Kidd, and tax partner Pam Glazier and counsel Tristan Evans-Wilent.