NEW YORK--(BUSINESS WIRE)--Praesidian Capital, a leading provider of capital for small and mid-sized businesses, announced today that it has successfully exited its investment in Resolution Economics, LLC (“Resolution” or the “Company”). Praesidian’s exit was in concert with a sale of the business.
Resolution Economics is a consultancy providing economic and statistical analysis to law firms and companies in labor & employment and commercial litigation issues. Resolution specializes in highly complex class action lawsuits and employs a highly technical workforce; 17 Resolution professionals have served as expert witnesses. Founded in 1998, Resolution is headquartered in Los Angeles and has additional offices in Washington, DC, Chicago, IL, and New York, NY.
Praesidian first invested in Resolution Economics in 2008 and led a subsequent investment in 2015.
“We were fortunate to have a long-term and supportive partner in Praesidian as Resolution developed into a world class consulting firm,” said Ali Saad and Rob Crandall, the founders of Resolution Economics. “This transaction is a great outcome for all stakeholders, and we are excited to partner with Levine Leichtman to continue to grow the business.”
Jason Drattell, Founder of Praesidian Capital, commented: “Ali, Rob and the management team’s unmatched expertise and constant innovation built Resolution Economics into an industry leader. Their commitment to clients and ability to handle complex issues created tremendous value for clients, employees, and equity holders. We are very pleased with the outcome and wish the Company continued success.”
About Resolution Economics
Resolution is a specialty consulting firm that provides economic and statistical analysis as well as expert testimony to leading law firms and corporations in labor & employment and commercial litigation matters. Resolution specializes in highly complex class action lawsuits and, as such, employs a highly technical workforce, including 14 with PhDs and 23 with master’s degrees. In addition, the Company has over 70 SAS programmers, and 17 Resolution professionals have served as expert witnesses. Founded in 1998, Resolution is headquartered in Los Angeles and has additional offices in Washington, DC, Chicago, IL, and New York, NY.
About Praesidian Capital
Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. Praesidian also recently launched a private equity strategy focused on control positions in lower middle market businesses. Based in New York with an office in London, Praesidian manages nearly $1 billion in committed capital. For more information, visit www.praesidian.com.