CHEVY CHASE, Md. – Farragut Capital Partners, LLC ("Farragut") is pleased to announce the closing of an investment in Findley Davies, Inc. ("Findley Davies" or the "Company"). Farragut invested subordinated debt in Findley Davies to support a strategic acquisition that expands the Company’s capabilities and geographic reach.
Founded in 1969 and based in Toledo, Ohio, Findley Davies is an independent consulting firm specializing in employee benefits and human resources strategy. The Company provides employee retirement plan consulting and administration, actuarial services, health and group benefits services, employee compensation and rewards consulting, and other HR-related advisory services. Findley Davies’ client base includes public and privately-held companies, ranging from entrepreneurial businesses to major corporations, hospitals and major health care systems, nonprofit organizations, government entities, ESOPs, and schools and universities. Following the acquisition, the Company will have eight offices in the Central and Eastern United States and serve clients from around the country and across industries.
The Company’s Managing Principal, John Weber, said of the transaction, “This strategic acquisition broadens our capabilities in the retirement consulting, health and group benefits and compliance arenas and provides us opportunities for future growth.” He added, “As we evaluated the market for a mezzanine lender, Farragut set themselves apart as the right lending partner for this transaction. Their focus on the middle market and understanding of the professional services industry make them a valuable partner to Findley Davies.”
“We’re excited to partner with John and the leadership team at Findley Davies,” said Alan Cuthbertson, Principal at Farragut. “The Company is a leader in its specialized market and is well-positioned to capitalize on the many growth opportunities ahead by leveraging the strength of its people and its more than 40 years of experience providing high-quality retirement and benefits services.”