CI Capital and Mr. Slamowitz will pursue investment opportunities in the PEO sector by targeting companies with superior capabilities and industry-leading management teams in order to consolidate this fragmented industry.
"I am pleased to announce this new partnership with CI Capital," said Mr. Slamowitz. "I believe that now is an attractive time to build a platform company in the PEO sector, given the pressure placed on small and medium-sized enterprises to comply with an increasingly complex array of regulatory challenges and to compete for talent with larger companies. CI Capital's experience in helping to build service businesses through organic growth and numerous add-on acquisitions makes the firm an ideal partner."
Thomas Ritchie, Managing Director at CI Capital said, "Over 20 years, Greg has built an impressive reputation as a leader in the PEO industry. We are thrilled to have the opportunity to work with Greg and look forward to pursuing an investment together."
About CI Capital Partners
CI Capital Partners LLC, a leading North American private equity investment firm with approximately $2.1 billion in assets under management, has been investing in middle-market companies since 1993. Since inception, CI Capital and its portfolio companies have made over 200 acquisitions representing approximately $8 billion in enterprise value. CI Capital's existing portfolio consists of companies that collectively generate annual revenue of over $3 billion and annual EBITDA of over $350 million and employ over 13,000 people.
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SOURCE CI Capital Partners