M&A Deal Summary

Spherion Staffing Acquires Technisource

On November 15, 2007, Spherion Staffing acquired financial services company Technisource from Charlesbank Capital Partners

Acquisition Highlights
  • This is Spherion Staffing’s 1st transaction in the Financial Services sector.
  • This is Spherion Staffing’s 2nd transaction in the United States.
  • This is Spherion Staffing’s 2nd transaction in Florida.

M&A Deal Summary

Date 2007-11-15
Target Technisource
Sector Financial Services
Buyer(s) Spherion Staffing
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition

Target

Technisource

Ft. Lauderdale, Florida, United States
Technisource (formerly IntelliMark) was originally a roll-up of 21 information technology temporary-staffing companies acquired between 1997 and 1999 by Edgewater Technology, a public company. The company, initially located in Little Rock, AR, has two primary lines of business: IT Resources and IT Solutions. IT Resources provides temporary IT staffing to Fortune 1000, mid-market and emerging-market clients through nearly 30 branches nationwide. IT Solutions provides network consulting and design, integration and support services, help desk solutions and training.

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Buyer(S) 1

Buyer

Spherion Staffing

Huntsville, Alabama, United States

Category Company
Founded 1946
Sector Staffing
DESCRIPTION

Spherion Corporation is a recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-20 Todays Staffing

Fort Lauderdale, Florida, United States

Todays Staffing, Inc. is a provider of placement services for administrative, accounting, engineering, human resources, law, and marketing professionals.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Spherion Canada

Toronto,, Ontario, Canada

Spherion Canada operates as a provider of integrated staffing solutions throughout Canada.

Sell -

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 17 of 52
Sector: Financial Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 6 of 18
State: Florida M&A 1 of 1
Country: United States M&A 15 of 48
Year: 2007 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-14 Aurora Organic Dairy

Boulder, Colorado, United States

Aurora Organic Dairy is a company with several important priorities. First and foremost, we produce the highest quality organic milk available at prices our customers and our broad base of consumers can afford. We hope to see the day when all people who want organic milk will have access to it at a price they can afford in stores where they shop.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 StoneCastle Partners

New York, New York, United States

StoneCastle Partners is an asset manager focused on the community banking industry, with a strong track record in managing bank trust-preferred securitizations. The company intends to continue growing its core business by leveraging its origination network and underwriting capabilities to invest in other community bank assets and liabilities through a variety of investment vehicles. StoneCastle Partners is based in New York City.

Buy -