LOS ANGELES and PHILADELPHIA , July 10, 2023 /PRNewswire/ — Truelink Capital (“Truelink”) today announced the acquisition of Richardson Sales Performance. Richardson Sales Performance (“Richardson” or the “Company”) was founded in 1979 and is noisy A global leader in sales education and performance improvement, as rated by independent analysts Forrester Research and Gartner, Richardson combines a blend of proprietary intellectual property, modern digital technology, a data-driven approach, and a global network of sales professionals to deliver one of the most differentiated experiences and solutions at scale for to create the sales performance that is available in the market.
Richardson President and CEO John Elsey said, “We are excited to continue our next phase of growth with Truelink Capital. We have a great opportunity to continue to lead and transform the field of sales training and performance improvement. With Truelink, we can continue to innovate and deliver great results for our customers and employees.”
“At Truelink, our focus on working with great management teams and accelerating growth is how our company wants to support Richardson,” said Luke Myers , co-founder and managing partner of Truelink Leadership and a strong customer proposition. We are excited by Richardson’s high-quality and adaptable content and believe the company has a solid foundation for growth, industry-leading technology and a global reach. We are confident that with additional investment, the company will be well-positioned is to build on its positive momentum and reach new heights in its next chapter.”
This transaction marks the second acquisition for Truelink, which was founded in 2022 by Todd Golditch and Luke Myers to target industrial manufacturing and technology-enabled services companies. The firm’s leadership team brings decades of experience to partner companies, an extensive history of shared value creation and well-established strategies to improve processes, drive growth and increase revenues.
Richardson Sales Performance will continue to provide the same high quality solutions, supported by the company’s existing management team and talented network of associates. Truelink’s operations team works with Richardson’s leadership to make strategic investments to grow the business, both organically and through strategic M&A.
Houlihan Lokey acted as Richardson’s exclusive financial advisor on the transaction and Allen & Overy acted as legal advisor.
About Truelink Capital
Truelink Capital is a mid-market private equity firm based in Los Angeles . Truelink combines deep industry experience in technology-enabled services and industrial manufacturing with a commitment to building partnerships that drive long-term value creation through an operationally aligned strategy. Truelink partners with management, company vendors and founders to accelerate growth through operational improvements, strategic initiatives and transformative add-on acquisitions.
About Richardson Sales Performance:
Richardson Sales Performance is a global leader in sales training and performance improvement. For over 40 years, Richardson has partnered with some of the most inspirational sales organizations across industries and geographies. The company accelerates growth by empowering sales teams to stay ahead of customers’ changing needs and act quickly to win. From ensuring sales managers are executing the right activities, to arming sales teams with the right skills and taking an agile approach focused on customer collaboration, Richardson will guide sales organizations through a digitally-enabled performance journey that inspires,
Media contacts:
Truelink Capital
Adam Rimmer
arimmer@truelinkcap.com
Richardson Sales Performance
Andrea Grodnitzky
andrea.grodnitzky@Richardson. com
SOURCE Richardson Sales Performance