M&A Deal Summary

ettain group Acquires Global Employment Solutions

On October 22, 2019, ettain group acquired staffing company Global Employment Solutions from TZP Group

Acquisition Highlights
  • This is ettain group’s 2nd transaction in the Staffing sector.
  • This is ettain group’s 3rd transaction in the United States.
  • This is ettain group’s 1st transaction in Colorado.

M&A Deal Summary
Date 2019-10-22
Target Global Employment Solutions
Sector Staffing
Buyer(s) ettain group
Sellers(s) TZP Group
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Brownstein
Kirkland & Ellis (Legal)

Target

Global Employment Solutions

Littleton, Colorado, United States
Global Employment Solutions, Inc. provides Information Technology and Professional staffing services in the commercial and government markets under the brands Fahrenheit IT, ITEC and Global Employment Solutions. GES employs over 1,500 professionals with office locations in 13 markets.

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Buyer(S) 1

Buyer

ettain group

Charlotte, North Carolina, United States
Category Company
Founded 1996
Sector Staffing
Employees1,300
DESCRIPTION

ettain group, Inc. is a talent solutions firm that delivers Recruitment Services and Managed Services in three practice areas: IT, Healthcare IT, and Digital Creative. From discovery to execution, ettain helps clients successfully design, develop, and deliver critical technology and business initiatives, from providing individual resources, to staffing and managing critical programs and projects, to running entire recruitment processes. Founded in 1996, with nearly 1,300 employees and consultants currently at work, ettain offer opportunities across North America, with offices in Charlotte, Dallas, Minneapolis, Nashville, Raleigh, Washington, D.C., and Winston Salem.

DEAL STATS #
Overall 3 of 6
Sector (Staffing) 2 of 4
Type (Add-on Acquisition) 2 of 5
State (Colorado) 1 of 1
Country (United States) 3 of 6
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Leidos Holdings - Commercial Electronic Health Records Business

Reston, Virginia, United States

Leidos's Commercial Electronic Health Records Business engages in healthcare IT consulting with deep clinical and technical expertise to support customers in selecting, implementing and optimizing information technology investments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Centerline Partners

Beverly, Massachusetts, United States

Centerline Partners is a management consulting firm that provides requirements and programs management consultants from business case through program completion in the life sciences market. Centerline Partners was founded in 2007 with office locations in Beverly, MA, and Bridgewater, NJ.

Buy -

Seller(S) 1

SELLER

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 7 of 16
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Colorado) 1 of 1
Country (United States) 7 of 15
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Cloud5 Communications

Springfield, Massachusetts, United States

Cloud5 Communications, Inc. is a provider of cloud-based telephony solutions, guest High-Speed Internet Access ("HSIA"), contact centers, and communication services for the hospitality industry. Cloud5’s integrated and holistic approach to communications permits hoteliers to streamline their technology infrastructure and operations, and helps hotels deliver quality care and services to their guests. Cloud5 Communications was established in 2004 and is based in Springfield, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Del Mar Recovery Solutions

Carlsbad, California, United States

Del Mar Recovery Solutions, Inc. is a provider of a comprehensive range of automotive asset recovery and repossession management services to automotive lenders including banks, credit unions, title lenders, captive lenders, and specialty finance companies. Del Mar Recovery Solutions was established in 2011 and is based in Carlsbad, California.

Sell -
Mergr

Product

Company

Legal