M&A Deal Summary

Apollo Global Management Acquires EmployBridge

On June 3, 2021, asset manager Apollo Global Management acquired staffing company EmployBridge from The Select Family of Staffing Companies

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Staffing sector.
  • This is Apollo Global Management’s 77th transaction in the United States.
  • This is Apollo Global Management’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2021-06-03
Target EmployBridge
Sector Staffing
Buyer(s) Apollo Global Management
Sellers(s) The Select Family of Staffing Companies
Deal Type Divestiture
Advisor(s) Credit Suisse Investment Banking
William Blair (Financial)
Milbank (Legal)

Target

EmployBridge

Atlanta, Georgia, United States
EmployBridge is a provider of specialty staffing services including three primary industry verticals: logistics, manufacturing, and transportation. Within its target industries, EmployBridge has developed service models that enable it to attract and place qualified personnel through the development of defined recruiting, testing, placement, and sales processes that are tailored to meet the needs of its target industries. EmployBridge is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 108 of 140
Sector (Staffing) 2 of 2
Type (Divestiture) 23 of 26
State (Georgia) 2 of 2
Country (United States) 77 of 101
Year (2021) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Redbox

Oakbrook Terrace, Illinois, United States

Redbox is an entertainment company that gives consumers access to a large variety of content across digital and physical media. The company operates a rapidly growing digital streaming service that provides both ad-supported (AVOD) and paid movies from Hollywood studios and hundreds of content partners, as well as over 130 channels of free ad-supported streaming television (FAST). Redbox is based in Oakbrook Terrace, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Tops

Midland, Texas, United States

Tops is a provider of contract gas compression services for the Permian Basin. TOPS specializes in lower emission, electrically driven compression for gas lift, and other applications. TOPS’ natural gas compressors feature industry-leading technology allowing for complete remote monitoring of all operating conditions. These features ensure industry-leading up-time and transparency, and a compressor package is built to take advantage of the latest automation enhancements. Tops is based in Midland, Texas.

Buy -

Seller(S) 1

SELLER

The Select Family of Staffing Companies

Santa Barbara, California, United States

Category Company
Founded 1985
Sector Staffing
DESCRIPTION

The Select Family of Staffing Companies offers premier workforce management services, including recruiting and screening professional job candidates, payroll and time attendance management, on-site supervision, and specialty staffing solutions to a wide variety of clients.


DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-10 EmployBridge

Atlanta, Georgia, United States

EmployBridge is a provider of specialty staffing services including three primary industry verticals: logistics, manufacturing, and transportation. Within its target industries, EmployBridge has developed service models that enable it to attract and place qualified personnel through the development of defined recruiting, testing, placement, and sales processes that are tailored to meet the needs of its target industries. EmployBridge is based in Atlanta, Georgia.

Buy $410M