Hastings-backed TERRA Staffing Group Acquires ASG Staffing

August 7, 2023

Hastings Equity Partners' Fund V portfolio company TERRA Staffing Group has acquired ASG Staffing, a Bensenville, Illinois-based industrial staffing firm founded in 1995. The deal—supported by mezzanine and equity investors including Tecum Capital, NorthCoast Mezzanine, NorthCreek Mezzanine and management—adds 10 Midwest offices to the TERRA platform, expanding its geographic footprint and accelerating its plan to build a nationwide industrial staffing platform.

Buyers
TERRA Staffing Group, Hastings Equity Partners, Tecum Capital, NorthCoast Mezzanine, NorthCreek Mezzanine, Management
Targets
ASG Staffing, Inc.
Platforms
TERRA Staffing Group
Industry
Staffing & HR
Location
Illinois, United States
Transaction Type
Addon

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