Capstone Partners Advised Connors Group on its Recapitalization by RLH Equity Partners

Capstone Partners advised Connors Group — a leading industrial engineering and workforce technology solutions consulting firm — on its recapitalization by RLH Equity Partners. Terms of the deal were not disclosed.

Founded in 2008, Connors Group has experienced rapid and sustained organic growth throughout its history. The company has established itself as a leader in productivity, workforce management, system implementation, and process optimization in the retail, supply chain, healthcare, and service industries. Across these industries, Connors Group’s consultants and engineers work alongside a significant number of Fortune 500 companies and their management teams. For more information click here.

The investment is intended to accelerate Connors Group’s continued expansion as the premier productivity consulting firm and system implementation partner for customers seeking workforce management and efficiency improvements. With this new investment, Connors Group is well-positioned to continue its growth trajectory and expand its footprint across current and future industries of focus.

“We are thrilled to partner with RLH Equity Partners as we continue to grow and help our clients improve their operations,” said Jeff Peretin, President and CEO of Connors Group. “RLH Equity is an organization with a stellar history of strategic growth investment. RLH’s values and capabilities coupled with its embrace of Connors Group’s mission, vision, strategy, and culture make them the ideal partner.”

Capstone Partners’ process identified hundreds of potential investment partners, methodically categorized, and ultimately found the perfect partner to assist Connors Group in our growth journey. We are forever grateful to the Capstone Partners team for initiating the relationship with RLH Equity Partners.

Patrick O'LearyVice President, Connors Group

Paul Janson, COO at Capstone commented, “This sale highlights the broader macroeconomic shift toward workforce productivity and optimization. Persistent tightness in labor markets paired with an uncertain economic outlook makes labor efficiency paramount for all companies, and this trend will continue to gain traction and drive interest across the M&A market. Connors Group is uniquely positioned to capitalize on these trends, and we are excited to watch the company engage in its next phase of growth with the perfect strategic and cultural partner, RLH.”

“We believe in the Connors Group value proposition not only conceptually but also in practice,” said Kevin Cantrell, Managing Director at RLH Equity Partners. “We have been impressed with Jeff and the Connors Group team throughout our due diligence. Connors Group has been entrusted with numerous critical operational excellence, supply chain, and blended commerce projects for numerous Fortune 500 and industry-leading companies. We know their expertise in productivity and continuous improvement is needed now more than ever. We are thrilled to partner with Jeff and the broader management team to help Connors Group reach its full potential as an organization and transformative industry innovator.”

RLH Equity Partners invests, together with entrepreneurial leadership teams, in uniquely positioned, high-growth, knowledge-based B2B enterprises. The firm’s portfolio companies span the business services, healthcare, and government services sectors and typically have $30-150 million of annual revenue at the time of investment. The RLH investment team, which averages over 15 years of private equity experience, provides strategic and operational guidance to our portfolio companies in navigating the opportunities and challenges of scale and rapid growth. The firm’s insights and processes to drive enterprise value have been honed over RLH’s 40+ year history of successful investing. RLH currently manages over $1 billion of assets and is actively seeking new portfolio company investments. For more information click here.

The expert investment banking professionals on Capstone Partners’ Business Services Team work with leading middle-market companies operating in the consulting sector to advise on strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Business Services Banking Team, contact us here.