Compliance Risk Concepts Receives Strategic Investment from MidOcean Partners

Specialty Outsourced Compliance Services Firm Will Use Fresh Growth Capital To Stand Out In Fragmented Market

NEW YORK--(BUSINESS WIRE)--Compliance Risk Concepts (“CRC”), through its parent company, Re-Sourcing Group, has received a significant investment from MidOcean Partners to advance its position as a valued compliance partner to the financial services industry. This investment will support the continued growth of CRC’s unique brand of business-focused compliance and risk management advisory services.

The compliance and risk management industry has evolved in recent years, amid new regulations, rule modifications and heightened government oversight. These changes come amid consolidation in the outsourced compliance space, resulting in fewer options for clients seeking expertise coupled with exceptional service.

CRC has thrived as a provider of senior-level compliance advisory services for financial organizations. The firm delivers expert-driven advice and strategy for its clients, which include broker-dealers, investment advisers, fintech and digital asset firms, banks and credit unions, in helping them navigate the ever-changing regulatory landscape. Recognizing CRC’s strong position in the market, MidOcean Partners, a premier middle-market private equity firm focused on the business services and consumer sectors, anticipates CRC’s continued success in delivering compliance solutions to a diverse clientele.

“Market demand for outsourced solutions in the compliance advisory arena has grown significantly in recent years,” said Mitch Avnet, founder of CRC. “At the same time, consolidation has left clients with fewer premier options. CRC has over 50 senior compliance professionals on our team, and we can deliver the guidance, insight and day-to-day execution support that firms in the financial services market are seeking. We are known for our ‘in-the-seat’ approach to compliance and risk management support, and we plan to leverage this growth investment to extend our reach within the industry.”

The confluence of talent shortages and increasingly complex requirements for managing businesses on the legal and compliance front has led to a continued surge in demand for outsourced solutions. For example, in the investment adviser sector, an estimated 59%¹ of firms outsourced some or all of their compliance and legal work. Avnet and his partners at MidOcean see this as an opportunity for further growth.

Avnet added: “We are business people that know compliance and we are fully invested in helping our clients achieve great commercial outcomes while remaining regulatorily compliant. Our partnership with MidOcean is integral to our overall business thesis and we look forward to leveraging the impact of MidOcean’s investment to extend our reach within the industry.”

“There is incredible upside for a firm of CRC’s caliber to fill the void that firms have in meeting their compliance needs and having the support they want to help them make sound business decisions. We feel that the consolidation happening that has absorbed some boutique players has spurred the opportunity for CRC even more, and we’re eager to see how our investment can be a catalyst for Mitch and his team,” shared Elias Dokas, Managing Director at MidOcean Partners.

¹ Source: https://www.assetmark.com/blog/advisors-front-middle-back-office-outsourcing

About Compliance Risk Concepts

CRC is a business-focused team of senior compliance consultants and executives who furnish top-tier compliance advisory services to clients on an as-needed, project or part-time basis. We provide our clients with the critical skills and expertise required to establish, maintain and enhance a balanced and effective compliance operational risk management program. We help organizations demonstrate a commitment to a strong risk management culture. We bring a unique tailored approach to help our clients succeed in today’s challenging regulatory and economic environment, enabling and empowering our clients to manage the “cost of compliance” without sacrificing the necessary infrastructure and control environment. For more information, visit https://compliance-risk.com/.

About Re-Sourcing Group

Re-Sourcing is a leading professional services firm , offering staffing, consulting and direct hire services that specialize in finance & accounting, legal & compliance and information technology. Re-Sourcing serves clients through its distinguished portfolio of premium brands, including Compliance Risk Concepts, Conexus, JW Michaels, ExecuSource, Perennial Resources, Partnership Employment and Technology Navigators. Founded in 2003, Re-Sourcing and its brands are strategically located in 20 offices across 10 markets nationwide. Re-Sourcing’s differentiated operating partner model enables a strong focus on building direct relationships with clients to bolster retention and deepen understanding of client needs.

For more information, visit https://www.myresourcing.com/.

About MidOcean Partners

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and manages a series of alternative credit strategies, collateralized loan obligations (CLOs) and customized separately managed accounts.

For more information, visit https://www.midoceanpartners.com/.