Hudson Global announces sale of Americas IT staffing business to Mastech
Commenting on the acquisition, Kevin Horner, Mastech's chief executive Officer, stated, "After several months of working towards a successful closing with the Hudson IT team , I am more excited than ever about the long-term potential of our combined company. Given Hudson's impressive stable of direct retail clients and talented sales and recruitment team, I'm confident that this transaction will prove to be a rewarding experience for our shareholders, our collective clients and our employees as well."
Hudson stated that the sale is consistent with its strategy to focus on its core businesses to accelerate growth, drive towards sustained profitability and increase the value of the company for its stockholders.
The planned acquisition was announced on 11th May 2015, subject to customary closing conditions.
Raptor Partners LLC acted as Company's financial advisor on the transaction and Pepper Hamilton LLP acted as its legal advisor.