FOR IMMEDIATE RELEASE
April 6, 2017
Richmond, VA – Transact Capital Partners is pleased to announce that Premier Staffing, a staffing company headquartered in Little Rock, AR, was acquired by Ohio-based BelFlex Staffing Network. Transact Capital Partners served as the exclusive financial advisor to Premier Staffing.
Premier Staffing offers light industrial and clerical/professional staffing services providing temporary and contingent staff, direct hires, on-site management, human resources screening, and training to clients. The merger is the first entry for BelFlex Staffing Network into this market – the company plans to expand in the Little Rock and Arkansas areas.
BelFlex Staffing Network is a national staffing company with offices in Ohio, Alabama, Indiana, Kentucky, Michigan, Mississippi, North Carolina, South Carolina, Tennessee, and West Virginia. This acquisition is the second recent geographic expansion into the South for BelFlex, and their first entry into Arkansas. BelFlex is a light industrial-focused staffing agency.
“We are excited to partner with Premier Staffing, Inc. and feel that its outstanding capabilities and reputation combined with our strong resources and interest in expanding locally will benefit the Little Rock community,” said BelFlex Owner and Chairman Candace McCaw. “Both companies are committed to building partnerships and relationships with clients and employees and we look forward to continuing this philosophy as we complement Premier’s great work and explore new opportunities.”
Patrick Morin, who led the Transact team, commented: “We continue to see high demand for staffing companies across the Southeast. The broader staffing market is extremely active and interest from buyers for all opportunities is very strong. We are excited that BelFlex was able to make an acquisition that was a such a good fit for them.”
Transact Capital Partners is a full-service mergers and acquisitions advisory, business brokerage, and valuation firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of privately held companies in the lower middle market with enterprise values under $100 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to assist many business owners exit their companies or explore other opportunities. Securities and investment banking transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please contact Patrick Morin at 804-612-7103 (Patrick@TransactCapital.com) or Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.