M&A Deal Summary

Hire Dynamics Acquires Trace Staffing Solutions

On December 3, 2019, Hire Dynamics acquired staffing company Trace Staffing Solutions from Amzak Capital Management

Acquisition Highlights
  • This is Hire Dynamics’ 2nd transaction in the Staffing sector.
  • This is Hire Dynamics’ 2nd transaction in the United States.
  • This is Hire Dynamics’ 1st transaction in Georgia.

M&A Deal Summary
Date 2019-12-03
Target Trace Staffing Solutions
Sector Staffing
Buyer(s) Hire Dynamics
Sellers(s) Amzak Capital Management
Deal Type Add-on Acquisition

Target

Trace Staffing Solutions

Savannah, Georgia, United States
Trace Staffing Solutions is a provider of commercial staffing in the Southeastern United States. Trace focuses on being a long term employment solutions provider for both its employees and clients. Trace, with sixteen offices spread primarily throughout the Southeast US, focuses on five staffing segments: Manufacturing and Distribution, Office Professional, Healthcare, Legal and Hospitality. Trace Staffing Solutions was is based in Savannah, Georgia.

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Buyer(S) 1

Buyer

Hire Dynamics

Duluth, Georgia, United States
Category Company
Founded 2001
Sector Staffing
DESCRIPTION

Hire Dynamics is a staffing provider with 12 branch offices and 22 on-site locations throughout the Southeast. Hire Dynamics now serves more than 550 clients and offers work to more than 22,000 individuals, including 300 veterans. Hire Dynamics was founded in 2001 and is based in Duluth, Georgia.

DEAL STATS #
Overall 2 of 4
Sector (Staffing) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 StaffMasters

Charlotte, North Carolina, United States

StaffMasters is a provider of commercial staffing ranked in the top 2% of staffing companies based on client and talent satisfaction. StaffMasters has been recognized by Inavero’s Best of Staffing awards for the last 3 years. StaffMasters has 23 branches and 8 on-sites across North and South Carolina which provide support to over 715 clients’ contact (call) centers, warehouse and logistics operations, administrative services and manufacturing facilities; and offers work to more than 16,000 individuals including 300 veterans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Select Staff

Dallas, Texas, United States

Select Staff is a staffing company specializing in the placement of light industrial, office, and clerical and accounting and finance personnel across ten branch locations throughout Texas. Select Staff was formed in 1981 and is headquartered in Dallas.

Buy -

Seller(S) 1

SELLER

Amzak Capital Management

Investor Investor Investor

Category Asset Manager
Founded 1979
Size Small
Type Sector Agnostic
DESCRIPTION

Amzak is a diversified investment group focused on middle-market direct company investing, fixed income, real estate acquisitions, and venture healthcare investing. Amzak will consider opportunities throughout the US, Central/South America, and the Caribbean. Within its middle-market direct investing practice, Amzak looks to invest $5 to $50 million in growth-oriented companies in partnership with management. Amzak Capital Management is based in Boca Raton, Florida.

DEAL STATS #
Overall 11 of 11
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Georgia) 1 of 1
Country (United States) 8 of 8
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 TNR Holdings

Covington, Louisiana, United States

TNR Holdings LLC operates onshore upstream oil and gas development company that has four fields in Plaquemines and Lafourche Parishes in SE Louisiana, with 22 producing wells and over 40 shut-in wells, generating 327 net barrels of oil equivalent per day. TNR Holdings is based in Covington, Louisiana.

Sell -
Mergr

Product

Company

Legal