EVANSTON, IL – September 9, 2013
Silver Oak Services Partners, a leading middle-market private equity firm, is actively targeting investment opportunities in the workforce management industry in partnership with Charlie Lathrop, a seasoned executive.
Mr. Lathrop has significant experience in the workforce management space building successful businesses, most recently as Chairman, CEO and President of CompuPay. Mr. Lathrop joined CompuPay in 2005 and, with a focus on organic growth and acquisition, more than tripled the size of the company to become the fourth-largest payroll provider in the U.S. Prior to joining CompuPay, Mr. Lathrop was CEO of Advantage Payroll Services, where he took the company from $12 million in annual revenue in 1997 to more than $75 million before managing the sale of the company to Paychex in September 2002. Mr. Lathrop is currently serving as a member of the Board of Directors of Glazer-Kennedy Insider’s Circle, a Silver Oak Services Partners portfolio company and leading provider of marketing training and advice to entrepreneurs and small businesses.
Dan Gill, Managing Partner at Silver Oak, said, “We are excited to continue our long relationship with Charlie. He has created significant value over the years in the companies he has led and has a deep understanding of the workforce management space.” Mr. Gill previously worked with Mr. Lathrop on both the Advantage Payroll Services and CompuPay investments.
Silver Oak and Mr. Lathrop welcome the opportunity to evaluate investment opportunities in the workforce management industry, and are particularly interested in those businesses with strong growth opportunities, a defensible niche and EBITDA of $3-$15M. Sectors of interest include recruiting and onboarding services, benefits administration, HRIS, talent management, compliance risk management, corporate training and managed services providers. For more information, or to submit investment opportunities, please contact Dan Gill (847.332.0410 or firstname.lastname@example.org), Andrew Gustafson (847.332.0428 or email@example.com), or Charlie Lathrop (954-871-6200 or firstname.lastname@example.org).
About Silver Oak Services Partners
Silver Oak Services Partners, based in Evanston, IL, invests in the Business, Consumer and Healthcare services industries. The firm’s principals have a long history of investing in services businesses and, specifically, the human resource outsourcing space, with two separate investments in the payroll processing industry. Silver Oak recently raised its second fund with more than $200M of capital, and typically makes platform investments in companies with $3-$20M of EBITDA.