LO3 Capital Announces Senior Debt and Preferred Equity Investment in HR and Insurance Services Company

NEW YORK, Sept. 2, 2025 /PRNewswire/ -- LO3 Capital, a private investment firm focused on delivering transformative capital solutions to lower-middle market companies, today announced a senior debt and preferred equity investment in support of a U.S.-based owner-operator's recapitalization of a national provider of professional employer organization (PEO) and workers' compensation insurance services.

The transaction was led by two experienced operators with a successful track record in the HR and insurance sectors as part of a strategic effort to modernize and scale the business. The company offers comprehensive payroll, benefits, and compliance services to small and mid-sized businesses across the country.

In addition to facilitating an ownership transition, the investment from LO3 Capital will support ongoing technology enhancements and growth initiatives designed to expand the company's national footprint and improve service automation.

The investment marks LO3 Capital's twelfth since the fund's launch in September 2022. "With new leadership, a robust technology roadmap, and significant market tailwinds, the business is well-positioned to achieve accelerated growth and operational excellence," said Glenn Harrison, Managing Partner and Co-Founder of LO3 Capital.

About LO3 Capital
LO3 Capital is a minority-owned private investment firm committed to helping lower-middle market companies grow. The firm has offices in Nashville, New York and Dallas and targets business with over $3 million of EBITDA across a variety of industries. LO3 Capital partners with management teams, business owners, and private equity firms to finance organic growth, acquisitions, recapitalizations, and ownership transitions. LO3 Capital was previously a division of Live Oak Growth Capital and continues to manage the Live Oak Growth Capital funds. For more information, please visit lo3capital.com

SOURCE LO3 Capital LLC