M&A Deal Summary

Wellspring Capital Management Acquires Airswift

On January 29, 2016, private equity firm Wellspring Capital Management acquired staffing company Airswift

Acquisition Highlights
  • This is Wellspring Capital Management’s 3rd transaction in the Staffing sector.
  • This is Wellspring Capital Management’s 33rd transaction in the United States.
  • This is Wellspring Capital Management’s 3rd transaction in Texas.

M&A Deal Summary
Date 2016-01-29
Target Airswift
Sector Staffing
Buyer(s) Wellspring Capital Management
Deal Type Consolidation

Target

Airswift

Houston, Texas, United States
website
Airswift is an international workforce solutions provider within the energy, process and infrastructure industries. Airswift serves as a strategic partner to our clients, offering a turnkey workforce solution to capture and deliver the top talent needed to complete successful projects by aligning with the unique needs of our clients. With over 52 offices worldwide, 6,000 contractors and a candidate database of 500,000, our geographical reach and pool of talent available is unmatched in the industry and the level of experience, exposure and expertise that the organisation has is unparalleled.

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Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $2 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 38 of 50
Sector (Staffing) 3 of 3
Type (Consolidation) 2 of 2
State (Texas) 3 of 3
Country (United States) 33 of 45
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Swift Technical Group

Enfield, United Kingdom

Swift Technical Group Ltd. (Swift Worldwide Resources) is a specialist recruitment provider for the global oil & gas industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 National Seating & Mobility

Franklin, Tennessee, United States

National Seating & Mobility is a provider of complex rehabilitation seating, mobility, and positioning systems. NSM provides personalised solutions to individuals with mobility challenges by bringing together industry-leading expertise, uniquely engineered systems, and breakthrough technologies. National Seating & Mobility was founded in 1992 and is based in Franklin, Tennessee.

Sell -
Mergr

Product

Company

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