Business and Legal Resources (BLR), a provider of compliance and training solutions in the B2B arena, completed a recapitalization of the company that included the redemption of a significant portion of the ownership interest of its founder and largest shareholder, Robert Brady.

Northcreek Mezzanine and Tenth Street Capital, both current creditors to and owners of the company, provided additional equity and mezzanine debt funding for the transaction. Enterprise Bank & Trust of St. Louis and Capstar Bank of Nashville provided senior debt financing.

“Northcreek Mezzanine and Tenth Street Capital are happy to support this investment,” said Rodger Davis, managing partner at Northcreek Mezzanine. “The management team at BLR embodies the business values that we look for in a partnership like this.”

The recapitalization of BLR coincides with its acquisition of the HR, Environmental and Healthcare assets of Thompson Information Services, another industry powerhouse in compliance, from Columbia Books. This transaction also underscores BLR’s commitment to simplifying compliance for their audiences and expanding their market footprint through growth and partnership.

Brentwood, TN-based BLR offers a suite of web-based compliance products, mobile applications and employee training platforms, as well as digital and live professional development opportunities for the audiences it serves.