Cerberus Capital Management, L.P. along with RADIA International have acquired
Wayne Williamson confirmed Friday he is no longer president of WillStaff Crystal but has been reassigned as executive vice president and will participate in growth and acquisitions as well as handling public relations for a new company.
Williamson said a U.S. capital venture group has purchased 60 percent of the company from Crystal Co. of Japan. Wayne and Kathy Williamson had sold their company, WillStaff, to Crystal in 2003 for an undisclosed price and had a five-year contract to run the personnel staffing company.
Cerberus Capital Management, L.P. along with RADIA International have acquired 60 percent of the company.
According to its Web site, Cerberus is one of the world's leading private investment firms. Through its team of investment and operations professionals, Cerberus specializes in providing financial resources and operational expertise to help transform undervalued companies into industry leaders for long-term success and value creation.
Cerberus, based in New York City, holds controlling or significant minority interests in companies around the world including the U.S., Europe, the Middle East and Asia.
RADIA International, according to its Web site, provides professional, commercial and technical staffing, serving nearly 5,000 customers in the U.S., Canada and Europe. With revenues of more than $1.6 billion per year, RADIA services clients ranging from multi-billion dollar corporations to mid-sized regional companies.
RADIA America has five principal operating companies in the U.S.: Technical Aid Corp., Talent Tree Inc., WillStaff Inc., Advantage, and Holland Group. Combined, these companies have over 200 branches in the U.S. and have more than 125,000 contractors and associates.
Williamson said that 25 more jobs will be created in Monroe because of the recent acquisition.
He said full details will be forthcoming in January.
WillStaff offices are located in downtown Monroe where Wayne Williamson serves as volunteer chairman of the Downtown Economic Development District.