GTCR has agreed to acquire Lexipol, a provider of policy management, training and wellness software for public safety organizations and local government customers, from The Riverside Co., a global private equity firm focused on the smaller end of the middle market.
“Riverside has been a fantastic partner, helping us to successfully expand into additional strategic segments which has allowed us to greater serve first responders and public servants,” said Chuck Corbin, CEO of Lexipol. “With Riverside’s help, we have integrated three valuable acquisitions into the Lexipol family, and have grown our core market position. We will always be grateful for our relationship with Riverside and look forward to our new partnership with GTCR.”
“It has been a pleasure working with the Lexipol team for the last seven years,” said Riverside senior partner Joe Lee. “We are happy to say that, with the help of Riverside, Lexipol is positioned to continue its strong growth trajectory, and we wish the Lexipol and GTCR team the best of luck in their next chapter together.”
“We are proud of the work we have done with Lexipol. During our partnership, we invested significantly in the technology and content to create the best offering in the marketplace to solve mission critical challenges for our customers,” said Riverside managing partner Loren Schlachet. “Lexipol is a special business that provides first responders, public safety and local government agencies the tools they need to meet compliance standards and keep their agency members and the communities they serve safe.”