| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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The Riverside Company Acquires ELT
RMorgan Keegan is pleased to announce that Employment Law Training (ELT) has been acquired by The Riverside Company. Morgan Keegan Technology Group acted as exclusive financial advisor to ELT in this transaction. ELT specializes in providing employee training on key state and federal employment laws that mandate broad-scale, repetitive workplace education. The Company joins the growing roster of education and training companies in Riverside's portfolio, and is one of more than 20 lifetime investments the firm has made in the industry. "ELT represents the cream of the crop in online workplace compliance training," said Riverside Managing Partner Loren Schlachet. "With employers facing a tidal wave of compliance challenges, government regulation and private litigation, ELT's unique training solutions are in the highest demand and the company is poised to lead the market."
About ELT |
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ELT provides online training solutions to help employers manage their most important workplace compliance challenges. ELT specializes in the topics that create the greatest legal risks, and where effective employee training can prevent misconduct, establish powerful legal defenses, and help to create a culture of ethics, inclusion and respect. The company focuses on harassment training, ethics training, wage and hour training, and EEO training.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing enterprises valued at up to $200 million. The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in more than 245 transactions with a total enterprise value of more than $5.8 billion. The firm's portfolio in North America, Europe and the Asia Pacific region includes 73 companies with roughly 13,000 employees.
About Morgan Keegan
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,400 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
- Transportation & Logistics
- Industrial
- Consumer
- Energy
- Security, Safety & Defense
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- Business Services
- Healthcare
- Technology
- Real Estate
- Financial Institutions
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© 2010 Morgan Keegan & Co.
Investment services are provided through Morgan Keegan & Company, Inc., member FINRA and SIPC. Securities and insurance products sold through Morgan Keegan are not FDIC insured, not a deposit, not an obligation of or guaranteed by any bank, or any government agency, and may lose value. |
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