AC Lordi Buys Back Business Unit

AC Lordi, a Pennsylvania-based accounting, risk management consulting and executive search firm, announced a management buyback of a business unit from Chicago Growth Partners and Peppertree Capital.

CEO and MP Frank Lordi said the re-acquisition of the firm was a logical decision, according to Venture Capital Post.

He said the return of local ownership for the firm offered greater flexibility in hiring and paying employees. It also allowed the company to look into strategic partnerships and other market opportunities.