Investcorp Holdings B.S.C. and Public Sector Pension Investment Board acquired an unknown majority stake in CrossCountry Consulting LLC from Public Sector Pension Investment Board, Riordan, Lewis & Haden, Inc., Dave Kay and Erik Linn on December 6, 2022. Public Sector Pension Investment Board (PSP Investments) invested, and RLH Equity Partners will continue as an investor. CrossCountry founders, Dave Kay and Erik Linn, continue to be significant shareholders. The transaction is expected to accelerate CrossCountry's growth as it expands geographically and adds new service line offerings. Guggenheim Securities, LLC acted as the financial advisor to CrossCountry Consulting, Clearsight Advisors advised RLH Equity Partners, and Houlihan Lokey acted as the advisor to Investcorp and PSP Investments. Adam August, Lauren Benny, Eric Rubin, Gary Schoenbrun, Brent Singley, Andrew Erickson, Christine Martinez and Fernando Tevez of Holland & Knight LLP acted as legal advisor to CrossCountry Consulting. Kimberly S. Blanchard, Timothy F. Burns of Weil, Gotshal & Manges LLP acted as legal advisor to Public Sector Pension Investment Board.

Investcorp Holdings B.S.C. and Public Sector Pension Investment Board completed the acquisition of an unknown majority stake in CrossCountry Consulting LLC from Public Sector Pension Investment Board, Riordan, Lewis & Haden, Inc., Dave Kay and Erik Linn on December 6, 2022.