NSC Technologies acquires Staffing Resources Inc. and ULG Companies
NSC Technologies, a portfolio company of White Wolf Capital, has acquired Staffing Resources, Inc. (“SRI”) and ULG Companies, LLC (“ULG”). In conjunction with these acquisitions, NSC was recapitalised to better position the company for additional acquisitions and continued growth. Details of the transactions were not disclosed.
Richard Leggio, a vice president of White Wolf, noted, “The value-add of the ULG acquisition is highly compelling. With this acquisition, NSC will expand its Midwest presence while further consolidating its dominant presence in the maritime/naval shipbuilding and repair industries.”
Andres Gutierrez, a senior associate of White Wolf, added, “SRI brings attractive synergies and diversification opportunities to the NSC platform. Specifically, SRI expands NSC’s light industrial book of business.”
Paul Rodriguez, CEO of NSC, commented, “These acquisitions create tremendous benefits for our valued clients and dedicated employees. Over the past two decades NSC has evolved into a world class staffing and recruiting platform. The addition of ULG and SRI to our family of companies is a further manifestation of our vision to expand our geographic footprint and capabilities.”
Chris Gremelspacher, President of SRI, stated, “I am excited to have Staffing Resources become a part of NSC. Our two companies have a shared commitment to our employees, our clients, and our communities. I believe that together with NSC, our team will have more opportunities to grow and provide a broader platform of services and skill-sets to our business partners.”
Gary Hentschel, President of ULG, said, “We are extremely excited about our new partnership with NSC Technologies and White Wolf Capital. Together we will have the critical mass and leadership talent to compete even more aggressively on a national basis in the industrial staffing market, as well as provide an enhanced suite of products for our clients and improved resources and benefits for our team.”
Mesirow Financial served as exclusive financial advisors to ULG. Charter Capital Partners served as exclusive financial advisors to SRI.
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