Lakewood Capital, LLC (“Lakewood”) and L2 Capital Partners, L.P. (“L2” or “L2 Capital”) and have recently announced the acquisition of Orion ICS, LLC (“Orion Talent”) and its fully-owned subsidiary Novotus, LLC (“Orion Novotus” and with Orion Talent, collectively, “Orion” or the “Company”).
The Company is comprised of a core military hiring capability in Orion Talent and award-winning RPO services through Orion Novotus, thereby creating a unique end-to-end talent acquisition and recruitment process solution.
Founded in 1991, Orion Talent ( www.oriontalent.com ) has found careers for over 43,000 veterans and operates from offices located throughout the nation. In 2016, the Company expanded its service offerings by acquiring Novotus, now Orion Novotus ( www.orion-novotus.com ), a full-service RPO provider. The acquisition combined one of the largest military talent placement firms in the country with an award-winning RPO capability. In turn, the consolidated enterprise created a platform for evolution into a global full-service enterprise talent management and recruiting firm.
Michael Starich, Chief Executive Officer of Orion, noted, “Our new partnership with L2 and Lakewood is a critical step in Orion’s path as we expand the scope of our operations. We think of Orion as not just a business – but a mission. And with the support of L2 and Lakewood in delivering on that mission, we are well on our way to becoming a global leader in recruiting excellence.”
Matt Klein, Partner, who led the transaction for L2, said, “It was a pleasure working with the Orion management team and Lakewood to complete this transaction. We are pleased to be able to partner with a business that executes for its clients through a differentiated and uniquely flexible operating model.”
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