LAC Group, a Los Angeles, CA-based provider of mission-critical outsourced library, information, and knowledge management services, received a private equity investment from TZP Growth Partners I, L.P.
The amount of the deal was not disclosed.
The company intends to use the funds to enhance its technology and systems, recruit additional talent, and expand its services to accelerate growth.
Founded in 1986 and led by Deb Schwarz, Chief Executive Officer, LAC provides outsourced library, information, and knowledge management services to blue-chip customers including corporations, government agencies, law firms, financial institutions, and universities. Utilizing a team of skilled librarians, analysts, and researchers, the company provides three core, integrated service offerings – Managed Services, Spend Management, and Media Asset Curation and Storage.