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  5. Airswift Acquires Swift Technical Group

M&A Deal Summary

Airswift Acquires Swift Technical Group

On January 29, 2016, Airswift acquired staffing company Swift Technical Group from Wellspring Capital Management

Acquisition Highlights
  • This is Airswift’s 2nd transaction in the Staffing sector.
  • This is Airswift’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2016-01-29
Target Swift Technical Group
Sector Staffing
Buyer(s) Airswift
Sellers(s) Wellspring Capital Management
Deal Type Merger

Target

Swift Technical Group

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

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Buyer(S) 1

Buyer

Airswift

Houston, Texas, United States
Category Company
Sector Staffing
DESCRIPTION

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. Airswiftis based in Houston, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Staffing) 2 of 4
Type (Merger) 2 of 3
Country (United Kingdom) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Air Energi Group

Manchester, United Kingdom

Air Energi is an international recruitment business specialising in the oil and gas industry providing contract, project and staff hire personnel to the major national and international oil companies. Air Energi is based in Manchester and has regional headquarters in the USA, Middle East, Asia Pacific and Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Competentia

Stavanger, Norway

Competentia is a consulting business, providing highly skilled project management and engineering personnel to oil and gas companies worldwide. Competentia provides temporary staff that has developed into a consulting firm with technological expertise within FPSO and LNG Gas projects and with a strong growth story. Competentia was established in 1998 and is based in Stavanger, Norway.

Buy -

Seller(S) 1

SELLER

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B 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 $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 24 of 37
Sector (Staffing) 1 of 3
Type (Merger) 2 of 2
Country (United Kingdom) 1 of 1
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Airswift

Houston, Texas, United States

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. Airswiftis based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Batteries Plus

Hartland, Wisconsin, United States

Batteries Plus is a franchisor and omnichannel retailer of batteries, light bulbs, and device repair services for both the direct-to-consumer and commercial channels. Batteries Plus Bulbs' comprehensive product offering serves a wide variety of applications including automotive, marine, power sports, lawn, and garden equipment, consumer electronics, security systems, and connected home applications. This selection is complemented by extensive category expertise and value-added services including diagnostics, installation, and recycling. Batteries Plus was founded in 1988 and is based in Hartland, Wisconsin.

Buy -
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