NEW YORK and SAN FRANCISCO, Aug. 18, 2015 /PRNewswire/ -- Collegium Holdings, Inc. an international holding company serving the non-profit services sector, announced today that it has acquired LoBue and Majdalany Association Management (L&M). Headquartered in San Francisco and serving clients throughout the U.S. and abroad, L&M is a leading provider of comprehensive management services to trade and professional associations. Terms of the transaction were not disclosed.
"Professional and trade associations play a vital role in today's global economy," said Collegium Chairman Craig Leach. "We are thrilled to be entering this exciting sector and with such a strong and well managed platform acquisition. Not only is L&M one of the pioneers in the field but, per the Collegium model, the two founders will be staying on and joining the Collegium management team to help guide our future growth," Leach said.
"We are excited to be joining Collegium," said Michael LoBue, co-founder and CEO of L&M. "Becoming part of a diverse group of professional service firms committed to serving the nonprofit sector will allow us to greatly expand our offerings to our clients and to grow our company."
Michael LoBue and Michael Majdalany will retain their management positions with L&M and the company will retain its brand name. Michael LoBue will sit on the Collegium Holdings owner's board of directors.
Collegium Holdings, Inc. is a rapidly growing holding company of diverse professional service firms dedicated to serving and advancing the nonprofit and social impact sector around the globe. The company has attracted best in class firms which provide management, communications, fundraising, technology, corporate social responsibility and talent management expertise across the entire nonprofit landscape. Collegium firms serve all sector verticals including healthcare, education, professional and trade associations, faith based institutions, environmental groups as well as CSR clients.
About LoBue and Majdalany Association Management
L&M is a leading association management company (AMC) providing comprehensive management expertise to a wide variety of professional and trade associations including C-level management, membership administration, financial management, marketing programs, meetings & events and internet infrastructure. The firm's current client portfolio includes associations in the computing, medicine, and floriculture industries and has a regional, national and international reach. The only Charter Accredited AMC west of the Rockies, L&M requires all leadership staff to be certified by the American Society of Association Executives. The firm is a recognized leader in research related to the AMC industry.
SOURCE Collegium Holdings, Inc.