Add-on Acquisition • Staffing

IDC Technologies Acquires Lyneer

On October 14, 2021, IDC Technologies acquired staffing company Lyneer from Palm Beach Capital

Acquisition Context
  • This is IDC Technologies’ 1st transaction in the Staffing sector.
  • This is IDC Technologies’ 1st transaction in the United States.
  • This is IDC Technologies’ 1st transaction in New Jersey.

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M&A Deal Summary

Date October 14, 2021
Target Lyneer
Sector Staffing
Buyer(s) IDC Technologies
Sellers(s) Palm Beach Capital
Deal Type Add-on Acquisition

Target Company

Lyneer

Ewing Township, New Jersey, United States
Lyneer is a staffing company specializes in the placement of temporary, temp-to-perm, and permanent labor within various industries. Lyneer is based in Ewing Township, New Jersey.
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Buyer Overview 1

Buyer

IDC Technologies

Milpitas, California, United States

Category Company
Sector Staffing
DESCRIPTION

IDC Technologies is providing a homogenous experience of staffing and delivery services to our valued customers. With more than a decade of fulfilling diverse client requirements world over, IDC Technologies is specialised in global workforce management with a constant focus on the future. IDC Technologies is based in Milpitas, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Staffing 1 of 1
Type: Add-on Acquisition 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Palm Beach Capital

West Palm Beach, Florida, United States

Investor


Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palm Beach Capital (PBC) is a generalist private equity firm that specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. Target companies are typically valued between $20 to $300 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.


Deal Context for Seller #
Overall 17 of 20
Sector: Staffing 1 of 1
Type: Add-on Acquisition 5 of 7
State: New Jersey 1 of 1
Country: United States 17 of 20
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Westwood Professional Services

Minneapolis, Minnesota, United States

Westwood Professional Services is a multi-disciplined survey and engineering firm providing services to support commercial and residential development, wind and solar energy, power delivery, and oil and gas projects nationwide. Westwood Professional Services was founded in 1972 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Olympusat

West Palm Beach, Florida, United States

Olympusat is an independent media companies specializing in ownership, distribution, production and technical services. Olympusat’s networks include the top-rated Spanish-language movie channel Cine Mexicano and the popular Ultra HD Plex. Olympusat was founded in 1999 and is based in West Palm Beach, Florida.

Buy -