Investment Summary

Main Line Equity Partners Invests In Converge HR

On March 17, 2015, private equity firm Main Line Equity Partners invested in staffing company Converge HR

Investment Highlights
  • This is Main Line Equity Partners’ 1st transaction in the Staffing sector.
  • This is Main Line Equity Partners’ 9th transaction in the United States.
  • This is Main Line Equity Partners’ 5th transaction in Pennsylvania.

Investment Summary

Date 2015-03-17
Target Converge HR
Sector Staffing
Investor(s) Main Line Equity Partners
Deal Type Growth Capital

Target

Converge HR

Berwyn, Pennsylvania, United States
Converge HR is a strategic human resources (HR) partner and consulting firm. Converge offers corporate well-being, performance, & profitability to its clients by leveraging a holistic approach to strategic human resources & human capital management. Converge HR was founded in 2003 and is based in Berwyn, Pennsylvania.

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Investor(S) 1

DESCRIPTION

Main Line Equity Partners is a private investment firm that looks to provide equity and mezzanine capital to support the growing needs of small companies with Min $25 million in revenue. Main Line prefers profitable companies located in the Eastern US and looks to invest $500K to $5 million per transaction. Sectors of interest include software, engineering, healthcare, life science, manufacturing, and real estate. The Firm will consider both minority and control positions. Main Line Equity Partners was formed in 2005 and is headquartered in Ardmore, Pennsylvania.


DEAL STATS #
Overall 9 of 14
Sector: Staffing M&A 1 of 1
Type: Growth Capital M&A Deals 5 of 8
State: Pennsylvania M&A 5 of 8
Country: United States M&A 9 of 14
Year: 2015 M&A 1 of 3
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 Cianflone Scientific

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