Cleveland, Ohio (PRWEB) August 22, 2014
The Riverside Company has acquired Lexipol, a provider of policy management and training platforms for public safety organizations. Based in Aliso Viejo, California, Lexipol delivers its market-leading policy content through a full-featured, SaaS-based platform. Lexipol helps law enforcement agencies, correctional facilities and fire departments reduce litigation risk and improve operational efficiency.
“Lexipol delivers highly specialized content that’s proven to work,” said Riverside Managing Partner Loren Schlachet. “It represents compelling value for its clients, and has tremendous opportunity for growth due to a largely untapped market.”
At the core of Lexipol’s offering is a library of consistently updated policy content that is customized for each state and vertical to allow clients to stay ahead of litigation trends and maintain best practices. Customers use the online policy management platform to customize policy content for their unique needs, manage the update and approval process, track attestations, and manage Daily Training Bulletins, which ensure that critical policy content is always top of mind. Lexipol is the only provider that offers a turnkey solution that includes policy content, training content, and a full-featured policy management platform.
“Lexipol’s offerings are truly different and deliver a clear return on investment,” said Riverside Partner Joe Lee. “Lexipol helps make public safety agencies better, and ultimately delivers significant savings.”
Riverside plans to spur growth at Lexipol by helping the company continue to develop exceptional content in new states, expand the sales and marketing team and offer additional risk mitigation services to clients. Lexipol’s strong value proposition and a largely unpenetrated market have the company poised for further expansion.
Working with Schlachet and Lee on the transaction for Riverside were Operating Partner Mike Eblin, Vice President Steve Rice and Associate James Zhang. Origination Principal Jeremy Holland sourced the deal for Riverside. Riverside Vice President Dan Haynes worked on financing the transaction for the firm.
PNC Bank provided financing for the transaction. Riverside was advised by Jones Day, Deloitte and West Monroe Partners. B. Riley & Co. served as financial advisors to Lexipol.
The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 345 transactions. The firm’s international portfolio includes more than 70 companies.