Press Release
December 12, 2022

Holland & Knight Advises CrossCountry Consulting on Majority Stake Acquisition by Investcorp

TYSONS, VA (December 12, 2022) – Holland & Knight advised McLean, Virginia-based business advisory firm CrossCountry Consulting in connection with Investcorp's majority stake acquisition. Terms of the transaction, announced on Dec. 6, were not disclosed.

Founded in 2011, CrossCountry provides accounting, finance, risk, operations, cyber and technology-enabled transformation solutions for public and private organizations. The company has more than 700 professionals and currently represents clients in the private equity, financial services, life sciences, real estate and hospitality sectors, among others. Dave Kay and Erik Linn – the founders of CrossCountry – will continue to be significant shareholders in the company.

Investcorp has a long history of investing in professional and tech-enabled services, with notable investments including AlixPartners, ICR, PRO Unlimited (now Magnit), Resultant and United Talent Agency.

Holland & Knight Partners Adam August, Lauren Benny, Eric Rubin, Gary Schoenbrun and Brent Singley, and Associates Andrew Erickson, Christine Martinez and Fernando Tevez, led the firm's representation of CrossCountry Consulting.

More information on the transaction can be found here.

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