BLR, a compliance information provider for Human Resources, Environmental, Safety, and Employee Training professionals, announces the recapitalization of its financial structure. Under the terms of the deal, senior executives Bob Brady and Dan Oswald have bought out the interest of Prairie Capital with the help of NewStar Financial, who provided senior credit, and Northcreek Mezzanine, who provided both mezzanine financing and an equity investment. Harris Williams & Co. advised BLR in the transaction.

“We’re excited to team up with NewStar Financial and Northcreek Mezzanine,” said BLR CEO Dan Oswald. “They are partners who will help us achieve the ambitious goals we have for the company, helping us serve customers with new and improved products, and execute on our strategy for continuing to create value for our investors.”

BLR founder Bob Brady added, “We have extensive experience providing compliance products that ease the pain points of our customers, and leveraging digital technology platforms for delivery of content and workflow tools. Northcreek and NewStar’s investment represents their confidence in our ability to meet the challenges of product development, information marketing and digital content distribution.”

BLR products and services include the following online information services: HR.BLR.com, Compensation.BLR.com, Safety.BLR.com, Enviro.BLR.com, and HRlaws.com, online training system TrainingToday, and the Advanced Employment Issues Symposium. Many of BLR’s employment law products and events are developed in conjunction with the Employers Counsel Network, an affiliation of 50 law firms, one in each state, representing management in employment law matters.