Vienna Parent / BCforward Acquire TSR, Inc.
July 3, 2024
Vienna Parent Corporation (an SPV formed by Justin Christian) and its purchaser Vienna Acquisition Corporation completed a cash tender offer to acquire all outstanding shares of TSR, Inc. (NASDAQ:TSRI), taking the IT staffing firm private for $13.40 per share. The acquisition, by an affiliate of BCforward, expands BCforward’s workforce management and IT staffing capabilities and will result in TSR ceasing trading on the Nasdaq.
- Buyers
- Vienna Parent Corporation, Vienna Acquisition Corporation, BCforward
- Targets
- TSR, Inc.
- Sellers
- TSR shareholders, Qar Industries, Inc., Zeff Capital L.P., Zeff Holding Company, LLC, Robert Fitzgerald, Daniel Zeff
- Industry
- Staffing & HR
- Location
- New York, United States
- Transaction Type
- Buyout
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