M&A Deal Summary

Epic Staffing Group Acquires Cirrus Medical Staffing

On April 8, 2019, Epic Staffing Group acquired staffing company Cirrus Medical Staffing from Webster Equity Partners

Acquisition Highlights
  • This is Epic Staffing Group’s 3rd transaction in the Staffing sector.
  • This is Epic Staffing Group’s 3rd transaction in the United States.
  • This is Epic Staffing Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-04-08
Target Cirrus Medical Staffing
Sector Staffing
Buyer(s) Epic Staffing Group
Sellers(s) Webster Equity Partners
Deal Type Add-on Acquisition

Target

Cirrus Medical Staffing

Fort Lauderdale, Florida, United States
Cirrus Medical Staffing is a healthcare staffing firm providing medical professionals to healthcare facilities across the nation. Cirrus specializes in placing nurses and allied health professionals into travel and contract employment assignments. Cirrus Medical Staffing was formed in 2002 and is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

Epic Staffing Group

El Segundo, California, United States

Category Company
Sector Staffing
DESCRIPTION

Epic Staffing Group is a provider of outsourced employment to the biopharmaceutical and healthcare industries. Epic Staffing Group verticals include life sciences recruitment process outsourcing, life sciences consulting, travel nurse jobs, Interim executive placement, travel allied, school special education jobs, therapy and perfusionists, government healthcare staffing, and international clinician placement. Epic Staffing Group is based in El Segundo, California.


DEAL STATS #
Overall 3 of 7
Sector (Staffing) 3 of 6
Type (Add-on Acquisition) 3 of 7
State (Florida) 1 of 2
Country (United States) 3 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Emerald Health Services

El Segundo, California, United States

Emerald Health Services is a provider of travel and contract nurse staffing in the California market. Emerald is a regional healthcare staffing Company with a proven track record of partnering with their clients. Led by a strong management team, Emerald places top high-quality healthcare professionals across the California market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 TalentMine

Raleigh, North Carolina, United States

TalentMine LLC is a full-service consulting firm focused on the biotechnology space. TalentMine specializes in partnering with clients to identify top talent in all phases of clinical trials. TalentMine was founded in 2000 and is based in Raleigh, North Carolina.

Buy -

Seller(S) 1

SELLER

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 16 of 20
Sector (Staffing) 1 of 2
Type (Add-on Acquisition) 7 of 10
State (Florida) 1 of 1
Country (United States) 16 of 20
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Medrina

Chicago, Illinois, United States

Medrina is a physician-led physiatry group whose board-certified doctors work in concert with primary care physicians, nurses, and therapists at skilled nursing facilities to optimize a patient’s treatment plan and overall care. Medrina was founded in 2010 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 Belmar Pharma Solutions

Golden, Colorado, United States

Belmar Pharma Solutions is a specialty pharmacy platform that specializes in Bio-Identical Hormone Replacement Therapy ("BHRT") and other hormone-based wellness products. Belmar services 6,500 providers and 64,000 patients annually across 46 states out of both 503A and 503B facilities. Belmar Pharmacies was founded in 1985 and is based in Golden, Colorado.

Buy -