Staffing & HR Recapitalizations in 2021
Acquisition Volume in Staffing & HR Recapitalizations in 2021 by Year
Last 5 years
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December 21, 2021
- Buyer
- Hamilton Robinson Capital Partners, Gladstone Capital Corporation
- Target
- WorkforceQA
- Industry
- Staffing & HR
- Location
- Utah, United States
- Type
- Recapitalization
Hamilton Robinson Capital Partners, alongside WorkforceQA management, completed a recapitalization of WorkforceQA, a Salt Lake City–based tech-enabled third-party administrator of employee screening and compliance services. Gladstone Capital Corporation provided senior debt and a minority equity investment to support the transaction, which will fund technology and people investments and accelerate WorkforceQA's acquisition strategy.
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December 16, 2021
- Buyer
- Main Street Capital Corporation
- Target
- Johnson Downie, LLC
- Seller
- Existing owner and management team
- Industry
- Staffing & HR
- Location
- Texas, United States
- Type
- Recapitalization
Main Street Capital Corporation completed a $14.6 million growth capital investment and minority recapitalization in Johnson Downie, LLC, a Houston-based provider of lateral partner placements and retained partner-level recruiting services for law firms across Texas. The financing comprised first-lien senior secured term debt and a direct minority equity investment; Main Street partnered with an unnamed co-investor and the Company's existing owner/management team to facilitate the transaction.
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December 2, 2021
- Buyer
- Iron Creek Partners LLC, Main Street Capital Corporation, Verified Credentials management team
- Target
- Verified Credentials, Inc.
- Seller
- Verified's existing owner (unnamed)
- Industry
- Staffing & HR
- Location
- Minnesota, United States
- Type
- Recapitalization
Iron Creek Partners led a recapitalization of Verified Credentials, Inc., joined by Verified's management team and Main Street Capital Corporation, closing in November 2021. The transaction provided growth capital to support Verified's technology advancement and product expansion; financial terms were not disclosed and CEO Kevin Spang remains in place and will join the board.
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- Buyer
- Merit Capital Partners, Six Pillars Partners, Ken Bohan
- Target
- The Liberty Group
- Industry
- Staffing & HR
- Location
- Texas, United States
- Type
- Recapitalization
Merit Capital Partners and Six Pillars Partners, in partnership with The Liberty Group founder Ken Bohan, have acquired The Liberty Group, a Houston-based specialty temporary staffing and executive search firm serving the U.S. multi-family real estate industry. Merit provided subordinated debt and equity for the recapitalization to support growth and expand Liberty's on-site staffing, executive search and onboarding capabilities; the company was represented by Capital Alliance.
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- Buyer
- RFE Investment Partners, Weave Growth Partners
- Target
- Congruity HR
- Industry
- Staffing & HR
- Location
- North Carolina, United States
- Type
- Recapitalization
RFE Investment Partners, with value-add co-investor Weave Growth Partners, completed a recapitalization investment in Congruity HR, a North Carolina-based professional employer organization (PEO). Founder Darrin Hunter and the existing management team remain significant owners, and industry veteran Mike Maseda has joined as Executive Chairman as the business prepares to scale and pursue additional regional PEO brands using a tech-enabled playbook.
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