LAC Group Receives Strategic Investment from TZP Growth Partners

LAC Group, a leading provider of outsourced library, information, and knowledge management services, announced a strategic investment from TZP Growth Partners I, L.P., a private equity fund specializing in growing business and consumer services companies within the TZP Group family.

Founded in 1986, LAC serves blue-chip customers across corporations, government agencies, law firms, financial institutions, and universities. The company specializes in cost-effectively managing and curating client-created and third-party information, data, and content. Its service portfolio includes three integrated offerings: Managed Services, Spend Management, and Media Asset Curation and Storage, delivered by skilled librarians, analysts, and researchers.

Bill Hunscher, TZP Growth Partner, said, "LAC's market leader status, unrivaled team, and compelling value proposition position the business extremely well for growth." The investment aims to enhance infrastructure, drive customer acquisition, expand service offerings, and penetrate new markets.

CEO Deb Schwarz said the recapitalization will strengthen technology systems, talent recruitment, and service breadth, adding: "We are highly impressed with TZP's commitment to serving as a 'Partner of Choice.'"

TZP Group manages over $700 million in assets across its fund family, focusing on closely-held private companies with solid profitability and sustainable value propositions, emphasizing long-term value creation and operational guidance.