McNally Capital Invests in Re-Sourcing Holdings

MidOcean Partners Acquires The Re-Sourcing Group from McNally Capital

January 17, 2024

Staffing & HR

MidOcean Partners has made a significant investment to acquire The Re-Sourcing Group from McNally Capital, providing capital and resources to accelerate the company's growth and expand its solutions and geographic footprint. Re-Sourcing is a professional services and staffing platform specializing in finance & accounting, legal & compliance, and IT, operating multiple branded businesses with more than 200 employees across roughly 19–20 offices.

MidOcean Partners and Boathouse Capital Invest in The Re-Sourcing Group

January 26, 2023

Staffing & HR

Boathouse Capital completed a growth investment in The Re-Sourcing Group to support a strategic partnership with Conexus Search and help scale the company's staffing, consulting and direct-hire capabilities. Other parties referenced in transaction coverage include MidOcean Partners and TreeLine Capital; McNally Capital is identified as the selling/legacy investor in related press announcements.

Re-Sourcing Group (McNally Capital Portfolio) Adds Conexus Search

January 9, 2023

Staffing & HR

The Re-Sourcing Group, a portfolio company of McNally Capital, has added Conexus Search (Conexus Recruiting) to its family of staffing and recruiting brands. The deal is an add-on acquisition intended to accelerate scale, expand service capabilities, and improve profitability across Re-Sourcing’s national talent solutions platform.

Morgan Stanley Capital Partners Acquires Resource Innovations

April 2, 2024

Energy

Investment funds managed by Morgan Stanley Capital Partners acquired a controlling interest in Resource Innovations from BV Investment Partners and certain other shareholders. Resource Innovations, a San Francisco Bay Area–headquartered tech-enabled services firm serving utilities, government and corporate clients on energy efficiency and decarbonization, will continue to be led by founder and CEO Lauren Casentini, who remains a significant equity holder; MSCP plans to support continued organic growth and M&A to expand the business.

Capitala Group Makes Growth Investment in Source Support Services

January 7, 2020

IT Services

Capitala Group has made a growth investment in Source Support Services, acquiring the company alongside members of Source Support's senior management from founder Mark Oldfield. The capital will be used to scale Source Support’s global platform, expand into information, medical and industrial automation technology markets, and enhance its service and technology capabilities.

Balmoral Funds Affiliate Acquires Resco Products, Inc. from Wellspring Capital

March 8, 2022

Manufacturing

An affiliate of Balmoral Funds LLC has acquired Resco Products, Inc., a North American refractory manufacturer based in the Pittsburgh area, from an affiliate of Wellspring Capital Management LLC. Balmoral (led by industry veteran Kevin Handerhan as Chairman) intends to deleverage Resco's balance sheet and invest in the company's operations to support growth across steel, cement and petrochemical end markets.