LAC Group Gets Private Equity Investment

Los Angeles-based LAC Group, a provider of outsourced library, information, and knowledge management services, said today that it has received a private equity investment from TZP Growth Partners I. Size of the investment was not announced. LAC Group, which was founded in 1986, offers up outsourced library services to corporations, government agencies, law firms, financial institutions, and universities. LAC Group said the recapitalization will help it enhance its technology and systems, recruit additional talent, and expand its services. LAC Group is led by Deb Schwarz.