Contracts/Deals: Morgan Stanley Private Equity buys EmployBridge
Morgan Stanley Private Equity has acquired US provider of outsourced HR and speciality-branded temporary staffing services EmployBridge.
Morgan Stanley Private Equity has acquired US provider of outsourced HR and speciality-branded temporary staffing services EmployBridge.
Morgan Stanley Private Equity partnered with the current management team who will remain in place and hold a significant minority stake in the firm.
EmployBridge operates primarily under the ResourceMFG, ProLogistix and ProDrivers brands, providing skilled personnel to three specific industry sectors: speciality manufacturing, warehousing/logistics and transportation. Headquartered in Atlanta, the firm operates in 30 states through 146 branch and onsite locations.
Aaron Sack, managing director of Morgan Stanley Private Equity, says:“EmployBridge stands out in the staffing industry due to its focus on manufacturing, logistics and transportation. We have been very impressed with their strong brands and differentiated capabilities, as well as their ability to consistently attract and place better-qualified personnel tailored to the needs of their customers.”
EmployBridge chief executive, Tom Bickes, adds: “We are proud of the accomplishments of the entire EmployBridge team. We expect this partnership to help us take advantage of significant market opportunities.”
