M&A Deal Summary

Magnit Acquires Geometric Results

On March 29, 2022, Magnit acquired information technology company Geometric Results from MSX International

Acquisition Highlights
  • This is Magnit’s 2nd transaction in the Information Technology sector.
  • This is Magnit’s 4th transaction in the United States.
  • This is Magnit’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-03-29
Target Geometric Results
Sector Information Technology
Buyer(s) Magnit
Sellers(s) MSX International
Deal Type Divestiture
Advisor(s) William Blair
PwC Corporate Finance LLC (Financial)
Kirkland & Ellis (Legal)

Target

Geometric Results

Detroit, Michigan, United States
Geometric Results is an independent managed service provider (MSP) with $4 billion in managed non-employee labor spend and clients in more than 70 countries. The company maintains an independent position with regard to staffing suppliers and VMS technology platforms. GRI’s solutions offer management of clients’ total extended workforce program activity including contracting, supplier management, payment services, and advanced analytics; clients realize improved efficiency, increased transparency, and reduced cost. Geometric Results is based in Detroit, Michigan.

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Buyer(S) 1

Buyer

Magnit

Folsom, California, United States
Category Company
Founded 1991
Sector Internet Software and Services
Employees600
DESCRIPTION

Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.

DEAL STATS #
Overall 5 of 5
Sector (Information Technology) 2 of 2
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 WillHire

Austin, Texas, United States

WillHire is a direct sourcing and talent pool management platform helping several Fortune enterprises to attract and engage contract talent directly while significantly reducing spend. WillHire was founded in 2018 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

MSX International

Detroit, Michigan, United States
Category Company
Founded 1996
Sector Business Services
Employees5,000
DESCRIPTION

MSX Internationa is an international provider of consulting, business process outsourcing, technical staffing, and vendor management services and solutions to the automotive industry. MSX International was founded in 1996 and is based in Detroit, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 Pacific Technology Solutions

Irvine, California, United States

Pacific Technology Solutions LLC is a developer of web-based software applications, technology-driven business solutions, eLearning, and training. Pacific Technology Solutions is based in Irvine, California.

Buy -
Mergr

Product

Company

Legal