Frank Lordi, boss of 65-employee AC Lordi and leader of its five managing principals, has led a buyback of the Malvern-based accounting, risk management and executive-search firm from investors Chicago Growth Partners and Ohio-based Peppertree Capital. "A return to local ownership offers us greater flexibility," Lordi said in a statement.
Lordi, founded in 2001, was part of the $25.5 million 2005 deal that created Carpathia Financial as a holding company for Lordi, the former PeopleFlex, and firms in California and other states. That investment was backed by buyout investors including Chicago Growth, Goldman Sachs Asset Management, and former Jefferson Wells accounting executive Robert "Rob" Wilson, the firm said at the time. AC Lordi now focuses on corporate clients based in the mid-Atlantic region.