Gryphon-backed DLC buys Beacon Resources

DLC, a portfolio company of Gryphon Investors, has acquired Beacon Resources. No financial terms were disclosed. Based in Newport Beach, Calif., Beacon is a finance, accounting staff and executive search firm.

PRESS RELEASE

(Woodland Hills, CA August 27, 2014) DLC announced today that it has acquired Beacon Resources, LLC (“Beacon”), a leading finance and accounting staffing and executive search firm. Beacon is headquartered in Newport Beach, California, and was founded in 2010. The combined company will have over 250 consultants and a diverse range of solutions, serving clients from start-ups to Fortune 1000 companies. DLC and Beacon will both retain their individual brand identities under the banner of DLC Group and will have offices in Orange County, San Diego, Los Angeles, San Francisco and Chicago.

Tom Sweeney, the Chief Executive Officer of DLC, said, “This is a very significant and strategic acquisition for our firm. Beacon is a great finance and accounting services firm run by a very successful and talented management team. The acquisition will clearly afford both parties access to new channels of distribution and the opportunity to provide more complete solutions to our current and future clients.”

Going forward, Beacon will continue to be lead by CEO Mike Kelly and his management team. Mr. Kelly commented, “We are very excited about the prospects for the combined business. With greater access to resources resulting from the acquisition, we believe that together Beacon and DLC will not only achieve faster growth but superior financial performance as well. Our combined strength will create greater opportunities for all of our clients and consultants.”

About DLC
DLC is a professional services firm that helps Fortune 1000 companies transform ideas into action, one project at a time. The Company provides accounting and finance human capital on a project basis. DLC has established itself as a leading business services provider for companies seeking assistance in financial planning and analysis, financial accounting and reporting, financial systems implementation, interim or “Gap” financial management, process documentation & redesign, project management, M&A due diligence support and post-merger financial integration. Headquartered in Woodland Hills, California, the Company has offices in Los Angeles, Orange County, San Francisco, and Chicago.

About Beacon Resources
Beacon specializes in finance and accounting staffing and executive search throughout the Southern California market. Beacon’s clients range from start-ups to Fortune 1000 companies. Beacon was founded by CPA’s and accounting professionals to serve the financial and accounting business community. The firm provides broad experience to the Office of the CFO across multiple industries and various corporate structures, employing current best practices and best-in-class processes. The firm has a deep local network of resources in Southern California including Big Four and Regional CPA firms, Private Equity Groups, and M&A firms. The firm’s professionals are typically CPA’s or MBA’s with an average of 8 plus years of hands-on experience and technical skills in a variety of industries.

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