Riverside Partners, a Boston-based private equity firm with a focus on technology and healthcare investments, has completed a majority equity investment in technology staffing and clinical data management consulting firm Eliassen Group.
Eliassen Group was founded in 1989 and is headquartered in Wakefield, MA with five additional offices along the east coast. The company is composed of two divisions: Technology Recruiting and eClinical Solutions. In its technology recruiting division, Eliassen Group provides IT and software professionals to a blue chip group of clients across a range of industries, including healthcare, biopharmaceutical, financial services, government, education, manufacturing and software development.
The Company’s eClinical Solutions division specialises in providing data management services, EDC services, statistical programming, training, reporting, and strategic consulting solutions for pharmaceutical, biotechnology and medical device companies.
With an active headcount of over 600, Eliassen Group is the one of the leading IT staffing company in the Northeast.
"As we contemplated Eliassen Group’s growth strategy, we sought a financial partner with significant experience in our core markets of technology and healthcare, as well as a strong track record of accelerating the growth of middle market companies," says Dave MacKeen, Chief Executive Officer of Eliassen Group. "Riverside Partners not only has shown that they understand and share our vision but also took steps to demonstrate their commitment by working with us to develop a strategic plan to grow the business and enhance our capabilities."
David Belluck (pictured), a General Partner at Riverside Partners, adds: "We are very impressed with the high performance team and extremely dedicated group of employees. They provide outstanding responsiveness and client service every day. Eliassen Group has significant growth potential in both the IT recruiting as well as the eClinical Solutions businesses, and we are excited to support management’s vision for the business as it enters a new phase of growth."
