M&A Deal Summary

MidOcean Partners Acquires Re-Sourcing

On January 17, 2024, private equity firm MidOcean Partners acquired staffing company Re-Sourcing from McNally Capital and Boathouse Capital

Acquisition Highlights
  • This is MidOcean Partners’ 4th transaction in the Staffing sector.
  • This is MidOcean Partners’ 53rd transaction in the United States.
  • This is MidOcean Partners’ 6th transaction in New York.

M&A Deal Summary
Date 2024-01-17
Target Re-Sourcing
Sector Staffing
Buyer(s) MidOcean Partners
Sellers(s) McNally Capital
Boathouse Capital
Deal Type Secondary Buyout

Target

Re-Sourcing

Valhalla, New York, United States
Re-Sourcing is a provider of strategic staffing, consulting, and direct hire solutions, focusing on Compliance, Legal, Information Technology, Finance & Accounting, and HR positions. Re-Sourcing was founded in 2003 and is based in Valhalla, New York.

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Buyer(S) 1

Buyer

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 58 of 60
Sector (Staffing) 4 of 4
Type (Secondary Buyout) 24 of 25
State (New York) 6 of 6
Country (United States) 53 of 55
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-13 MPearlRock

Palm Beach Gardens, Florida, United States

MPearlRock provides emerging consumer brands with significant resources and value-add opportunities across distribution, marketing, product development, manufacturing, supply chain, data analytics and talent acquisition functions. MPearlRock is based in Palm Beach Gardens, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 KidKraft

Dallas, Texas, United States

KidKraft is a global designer and marketer of branded innovative gifts, toys, play sets, furniture items, and juvenile products. KidKraft was founded in 1968 and is based in Dallas, Texas.

Sell -

Seller(S) 2

SELLER

McNally Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

McNally Capital is a family office that partners with other family offices to acquire and invest in lower middle-market business services and manufacturing companies. The Firm targets control or minority investments in US-based companies with $5 to $15 of EBITDA. Specific areas of interest include industrials, food/beverages, aerospace/defense, healthcare, energy, and packaging. McNally Capital was established in 2007 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 2 of 2
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-28 AMI

Costa Mesa, California, United States

AMI designs and manufactures oxygen analyzers and sensors, primarily serving the natural gas sector. AMI was founded in 1995 and is based in Costa Mesa, California.

Sell $210M
SELLER

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 22 of 23
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 6 of 7
State (New York) 3 of 3
Country (United States) 22 of 23
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-13 Glamsquad

New York, New York, United States

Glamsquad is a next-generation marketplace that connects customers with vetted Beauty Pros to deliver in-home, personally tailored beauty services including hair, makeup and nails. Glamsquad was founded in 2014 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 DCG

Washington, District of Columbia, United States

DCG is a full-service communications firm providing comprehensive market research and strategic communications services, primarily supporting federal government clients. DCG was founded in 2010 and is based in Washington, District of Columbia.

Buy -
Mergr

Product

Company

Legal