CHILDS Advisory Partners Advises SOS Employment Group in its Sale to Elwood Staffing
ATLANTA, Feb. 21, 2013 /PRNewswire/ -- Elwood Staffing and SOS Employment Group announced the joining together of their companies, creating an entity that rivals some of the staffing industry's largest players. With combined annual revenue of more than $750,000,000, the company will now rank in the top 10 of all U.S. commercial staffing companies, the top 20 of all U.S. staffing companies, and just outside the top 50 of all global staffing companies. CHILDS Advisory Partners served as SOS's exclusive financial advisor. Financial details of the transaction were not announced.
With the completion of the transaction, the combined company's internal staff will total nearly 1,000 employees and serve more than 6,000 clients. Additionally, the company will employ 27,000 temporary associates daily. The geographic presence will expand to 170+ offices, plus an additional 50+ vendor-on-premise locations, operating in 33 states and extending into Canada.
Jamie Madden, President of SOS's parent company, Hire Calling, said, "The CHILDS team did an outstanding job advising us through this process from start to finish. Their knowledge of our sector and experience with transformational transactions allowed them to add tremendous value to our efforts."
Cooper Mills, Managing Director at CHILDS Advisory Partners, said, "We were delighted to work with two great management teams and help create a substantial national competitor in the commercial/light industrial staffing space." Senior members of the deal team included Cooper Mills, Dave Phillips and Alan Bugler.
In the last two years, CHILDS Advisory Partners has advised two of the largest commercial/light industrial staffing firms in the U.S., SOS and EmployBridge, with their respective transactions, making CHILDS the preferred investment bank to the staffing sector.
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high-performing business services and technology companies. Our unique combination of sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 350 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker-dealer.
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SOURCE CHILDS Advisory Partners