Patriot Capital Group is pleased to announce a new subordinated debt and equity investment in Orion ICS, LLC (“Orion Talent”) and its wholly owned subsidiary Novotus, LLC (“Orion Novotus” and with Orion Talent, collectively, “Orion” or the “Company”). Patriot’s investment supported L2 Capital Partners, L.P. (“L2” or “L2 Capital”) and Lakewood Capital, LLC (“Lakewood”) acquisition of Orion.
Founded in 1991, Orion Talent (www.oriontalent.com) has found careers for over 43,000 veterans and operates from offices located throughout the nation. In 2016, the Company expanded its service offerings by acquiring Novotus, now Orion Novotus (www.orion-novotus.com), a full-service Recruitment Process Outsourcing (“RPO”) provider. The acquisition combined one of the largest military talent placement firms in the country with an award-winning RPO capability. In turn, the consolidated enterprise created a platform for evolution into a global full-service enterprise talent management and recruiting firm.
For more information on this transaction please contact Dan Yardley or Jonathon Cope.