Victory Park Capital announces sale of Global Employment Solutions
The terms of the transaction were not disclosed.
Founded in 1998, Global offers contract and permanent placement staffing services under two strong brands: Fahrenheit IT, which provides customized IT staffing solutions, and Global Employment Solutions, which provides temporary and permanent staffing services across multiple professional segments. Global is deeply integrated in the communities it serves and combines significant local market intelligence with the support and resources of a nationwide company.
After being taken private by VPC in 2009, the company underwent a significant strategic repositioning by expanding its business strategy into new high growth markets through the execution of four acquisitions, six de novo office openings, and one non-core divestiture. Global has since doubled its revenue and tripled profitability and is well positioned for scalable growth as a result of the value creations efforts developed through a strong partnership between VPC and the company’s management team.
“Since acquiring the company in late 2009, Global has witnessed strong growth as Howard Brill and his team executed on a successful strategic realignment aimed toward building a leading human capital solutions platform. We worked closely with the Global team to divest non-core divisions, consummate add-on acquisitions, and establish new offices in an effort to transform the service offering and expand geographic footprint,” said Matthew Ray, partner at VPC. “During our ownership, the company consistently capitalized on emerging industry dynamics and is now well positioned for continued growth. It has been an honor and a privilege to work alongside the management team at Global and we wish them the best for the future.”
“VPC provided us with the value-add counsel and strategic insight, grounded in their extensive investment and operational expertise, that our business needed at a critical growth-inflection point for our company,” said Howard Brill, CEO of Global Employment Solutions. “Their attention to relationship-based client service complemented our firm’s culture and philosophy. With VPC’s partnership, we have been able to build and grow a market-leading platform that will allow us to provide our clients with the same responsiveness, reliability and superior services they have come to rely on while positioning our firm for long-term growth.”
Victory Park Capital is a privately held registered investment advisor dedicated to alternative investing through the management of private investment funds.