Dealflow | December 4, 2018

Private-equity firms acquire veteran job-recruiting service Orion Talent

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, December 4 – Orion Talent matches companies and U.S. military veterans moving into the mainstream workforce. Investment firms L2 Capital Partners and Lakewood Capital have acquired the company. The terms of the deal were not disclosed.

Orion’s services cater to a segment of the American workforce that, on the surface, has one of the lowest unemployment rates in the country: 2.9% compared to 3.7% nationally. But veterans face other employment challenges, including disproportionately high rates of underemployment, low-wage employment, and difficulty adapting to workplace culture.

Since launching in 1991, Orion has helped 43,000 U.S. veterans build careers after their military service. Many of the companies Orion works with are “making, servicing, or moving products,” like manufacturing, logistics, or construction firms.

“We think of Orion as not just a business – but a mission,” Orion’s Michael Starich said. “Our new partnership with L2 and Lakewood is a critical step in Orion’s path as we expand the scope of our operations.”