December 6, 2022
Clearsight Advises RLH Equity Partners on Sale of Majority Stake in CrossCountry Consulting to Investcorp
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another successful Business Advisory transaction. Clearsight served as advisor to RLH Equity Partners (“RLH”) on the sale of its majority stake in CrossCountry Consulting, LLC (“CrossCountry” or the “Company”) to Investcorp Holdings B.S.C. (“Investcorp”). Public Sector Pension Investment Board (PSP Investments) also invested, and RLH will continue as an investor. CrossCountry founders Dave Kay and Erik Linn continue to be significant shareholders.
Founded in 2011 in McLean, VA, CrossCountry provides accounting, finance, risk, operations, cyber, and technology-enabled transformation solutions for the office of the CFO in public and private organizations. The Company has over 700 professionals and currently represents clients in the private equity, financial services, life sciences, real estate and hospitality sectors, among others. The Company’s footprint has grown significantly over the past 10 years, with employees located globally and across the United States. Investcorp’s partnership will support CrossCountry’s geographic expansion and broaden the Company’s services offerings to clients.
Ryan Smiley, Managing Director of RLH, noted, “Clearsight’s impressive consulting advisory experience, industry knowledge and connections, and personable team led them to be at the top of our list when selecting an advisor. We’re thankful for Clearsight’s dedication and guidance on this significant transaction, and look forward to seeing CrossCountry achieve new heights with Investcorp.”
Clearsight Managing Director Greg Treger commented, “We’ve known both the CrossCountry and RLH teams for years, and are honored to have advised RLH on this critical transaction for both firms. With the support of RLH, CrossCountry has built a premier suite of CFO and accounting advisory services with an impressive global presence. Investcorp and CrossCountry represent a formidable partnership with the ability to continue raising the bar for business transformation consultancies.”
The Clearsight deal team included Joel Kallett, Greg Treger, Brendan Curran, and Parker Lapeyre.