Minton

Blue Ridge ESOP Associates Announce Investment by Existing Management and Levine Leichtman Capital Partners

Friday, March 27, 2020 - 12:01am

CHARLOTTESVILLE, Va., March 26, 2020 /PRNewswire/ -- Marie Minton and Greg Washburn, the current owners of Blue Ridge ESOP Associates, announced that Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, has invested in Blue Ridge ESOP Associates ("Blue Ridge" or the "Company") in partnership with the existing owners and the management team.

Key Points: 
  • CHARLOTTESVILLE, Va., March 26, 2020 /PRNewswire/ -- Marie Minton and Greg Washburn, the current owners of Blue Ridge ESOP Associates, announced that Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, has invested in Blue Ridge ESOP Associates ("Blue Ridge" or the "Company") in partnership with the existing owners and the management team.
  • Blue Ridge is the leading provider of technology enhanced solutions and services for the administration and recordkeeping of Employee Stock Ownership Plans ("ESOPs") and associated 401(k) plans.
  • Marie Minton and Greg Washburn stated "We are delighted that our dedicated management team and LLCP are taking ownership in Blue Ridge.
  • Gentry Locke served as legal advisor to Blue Ridge and the management team.