Resolution Economics a portfolio company of Levine Leichtman Capital Partners, has acquired Berkshire Associates, a provider of outsourced affirmative action plan consulting and software services, compensation analysis and other human resource compliance-related services.
Resolution Economics (ResEcon), a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired Berkshire Associates, a provider of outsourced affirmative action plan (AAP) consulting and software services, compensation analysis and other human resource compliance-related services.
Financial terms of the transaction have not been disclosed.
Founded in 1983, Berkshire began as one of the first companies to establish an automated way to prepare AAPs, revolutionising the AAP process for HR professionals nationwide. Over the years, Berkshire has expanded its scope of services beyond AAPs to meet the evolving needs of HR professionals with a range of services, training, and technology and software.
President Beth Ronnenburg will continue to lead Berkshire as part of ResEcon. Ronnenburg has been a part of the Berkshire team for over 25 years and has been instrumental in shaping Berkshire’s culture and growing the business.
Resolution Economics is a portfolio company of LLCP Lower Middle Market Fund II, LP.
Honigman LLP acted as legal counsel to LLCP and ResEcon on the transaction.
