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Matrix’s Business Services Group Announces Transaction Closing

RICHMOND, VA – July 12, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”), is pleased to announce the recapitalization of Business and Legal Resources (“BLR”) by Northcreek Mezzanine, Tenth Street Capital and management.

BLR, headquartered in Brentwood, TN, is a leading provider of compliance and training solutions in the B2B arena and offers a suite of web-based compliance products, mobile applications, employee training platforms, and digital and live professional development opportunities for the audiences it serves. The BLR parent brand comprises subsidiaries HRHero, MLeeSmith Publishers, HCPro, HealthLeaders Media, Patient Safety & Quality Healthcare, and Personnel Policy Service.

The recapitalization of BLR coincides with their acquisition of the HR, Environmental, and Healthcare assets of Thompson Information Services, another industry leader in compliance, from Columbia Books. This transaction also underscores BLR’s commitment to simplifying compliance for their audiences and expanding their market footprint through growth and partnership.

Matrix served as the exclusive financial advisor to BLR.  The transaction was managed by Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral.

About Matrix’s Business Services Group
Matrix’s Business Services Group merger & acquisition expertise stems from numerous engagements and extensive research in a number of segments, including call centers, marketing, printing & engraving, staffing, systems integration, tele-services, telecommunications, transportation, utility services and waste management.  Team members draw upon a deep bench of transaction experience and analytical resources to successfully manage and complete a wide range of corporate finance transactions, including mergers, acquisitions, and capital raising of debt and equity.