M&A Deal Summary

Littlejohn Acquires Motion Recruitment Partners

On April 30, 2018, private equity firm Littlejohn acquired staffing company Motion Recruitment Partners from Gridiron Capital

Acquisition Highlights
  • This is Littlejohn’s 1st transaction in the Staffing sector.
  • This is Littlejohn’s 45th transaction in the United States.
  • This is Littlejohn’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2018-04-30
Target Motion Recruitment Partners
Sector Staffing
Buyer(s) Littlejohn
Sellers(s) Gridiron Capital
Deal Type Secondary Buyout

Target

Motion Recruitment Partners

Boston, Massachusetts, United States
website
Motion Recruitment Partners provides IT staffing and direct hire services focused on skilled, difficult-to-fill positions. Motion Recruitment Partners was formed in 1989 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 49 of 64
Sector (Staffing) 1 of 2
Type (Secondary Buyout) 20 of 29
State (Massachusetts) 2 of 2
Country (United States) 45 of 60
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Benevis

Marietta, Georgia, United States

Benevis provides various non-clinical services to group dental practices, including providing dental facilities, support staff, and other business services. Kool Smiles and Resolution Dental are the firm’s two major clients. Kool Smiles is a nationally-branded provider of dental care focused primarily on children enrolled in Medicaid and State Children's Health Insurance Programs. The limited access to care for children on Medicaid/SCHIP plans provides an attractive growth opportunity for Kool Smiles as it continues to expand offices with a mission to provide quality care to this underserved population. Benevis was founded in 2002 and is based in Marietta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Interior Specialists

Carlsbad, California, United States

Interior Specialists, Inc. is a provider of outsourced interior design and installation services for homebuilders in the Southwestern U.S. The company sells flooring, countertops, window coverings, cabinets, and other products to homeowners and contracts with installers to install these products.

Sell -

Seller(S) 1

SELLER

Gridiron Capital

New Canaan, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 764M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gridiron Capital is a private equity firm focused on acquiring mid-sized North American manufacturing, service and specialty consumer companies. Gridiron looks to commit companies with EBITDA up to $60 million. The Firm prefers controlling interests when considering transactions. Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 11 of 17
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 6 of 8
State (Massachusetts) 1 of 1
Country (United States) 11 of 17
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Engage2Excel

Statesville, North Carolina, United States

Engage2Excel is a provider of employee engagement and recognition programs. Engage2Excel helps clients measure, manage, and improve performance with the industry's only ROI-based employee recognition solution. Engage2Excel was founded in 1892 and is based in Statesville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Giant Creative Strategy

San Francisco, California, United States

Giant Creative Strategy LLC is a full-service healthcare communications agency specializing in positioning and branding, and strategic and creative development for many pharmaceutical, biotech, consumer health, medical device, and diagnostics companies. Giant Creative Strategy LLC was founded in 2002 and is based in was founded in and is based in San Francisco, California.

Sell $97M
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