FOR IMMEDIATE RELEASE
June 22, 2018
Industrial Skilled Trades, Inc. Acquires Indiana Staffing Company
Industrial Skilled Trades and Electrical Staffing Combine Over 70 Years of Staffing Solutions to Industrial Customers
Richmond, VA – Transact Capital Partners announced the sale of Electrical Staffing, Inc. (www.electricalstaffing.com), a prominent Indiana-based staffing company in the electrical and general construction market, to Industrial Skilled Trades, Inc (www.industrialskilledtrades.com) of Elgin, IL. Industrial Skilled Trades is a large and tenured national provider of staffing solutions to the electrical, mechanical, and general construction markets. Transact Capital Partners served as the exclusive financial advisor to Electrical Staffing.
“We’re thrilled to become a part of Industrial Skilled Trades – they are a premier name in our space with an exceptional reputation for quality,” said Phil Mussallem, CEO of Electrical Staffing. The acquisition complements Industrial Skilled Trade’s blue chip client base with that of Electrical Staffing’s by leveraging it’s 20-year track record of quality solutions.
Said Michael Wesa, CEO of Industrial Skilled Trades, Inc., “Phil has built a solid company that will allow us to further expand Industrial Skilled Trades’ depth in the construction industry. We couldn’t be happier.” Industrial Skilled Trades, Inc has over 50 years of experience in the industrial construction market.
Patrick Morin, Managing Director at Transact Capital, lead the team representing Electrical Staffing and commented: “Electrical Staffing plays in a critical niche of the construction marketplace, this is a perfect partnership for Industrial Skilled Trades.” Jim Sowers, Steve Moore, and Leslie Garry of Transact Capital served alongside Patrick Morin on the Electrical Staffing deal team.
Transact Capital Partners is a full-service mergers and acquisitions advisory firm headquartered in Richmond, VA, with offices throughout the Southeast. Investment banking services and security transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.