M&A Deal Summary

ManpowerGroup Acquires Jefferson Wells

On July 9, 2001, ManpowerGroup acquired business services company Jefferson Wells from Baird Capital for 174M USD

Acquisition Highlights
  • This is ManpowerGroup’s 1st transaction in the Business Services sector.
  • This is ManpowerGroup’s 4th largest (disclosed) transaction.
  • This is ManpowerGroup’s 1st transaction in the United States.
  • This is ManpowerGroup’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2001-07-09
Target Jefferson Wells
Sector Business Services
Buyer(s) ManpowerGroup
Sellers(s) Baird Capital
Deal Type Add-on Acquisition
Deal Value 174M USD

Target

Jefferson Wells

Milwaukee, Wisconsin, United States
Jefferson Wells is an innovative professional services firm focused on providing internal audit, accounting and tax solutions.

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Buyer(S) 1

Buyer

ManpowerGroup

Milwaukee, Wisconsin, United States

website


Category Company
Founded 1948
Sector Staffing
Employees30,900
Revenue 19.8B USD (2022)
DESCRIPTION
Entrance to ManpowerGroup's corporate headquarters in Milwaukee, Wisconsin.
Entrance to ManpowerGroup's corporate headquarters in Milwaukee, Wisconsin.

ManpowerGroup provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The Company?'s recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions. ManpowerGroup was formed in 1948 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 2 of 14
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (Wisconsin) 1 of 1
Country (United States) 1 of 5
Year (2001) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Elan Computing

London, United Kingdom

Elan Computing Ltd. is a provider of IT recruitment consultancy services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-10 Right Management

Philadelphia,, Pennsylvania, United States

Right Management Inc. is a career transition and organizational consulting firm. It offers services to corporations of all sizes through a global network of more than 300 service locations and the Internet.

Buy $488M

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 50
Sector (Business Services) 1 of 7
Type (Add-on Acquisition) 6 of 31
State (Wisconsin) 6 of 10
Country (United States) 9 of 44
Year (2001) 2 of 2
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-06 Duralam

Appleton, Wisconsin, United States

Duralam, Inc. is a designs, prints, laminates and markets a variety of printed flexible packaging products for the food, medical and industrial markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 Circuit Check

Maple Grove, Minnesota, United States

Circuit Check is a provider of electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1979 and is based in Maple Grove, Minnesota.

Buy -