FOR IMMEDIATE RELEASE
March 15, 2017
Richmond, VA – Transact Capital Partners is pleased to announce that the Virginia-based staffing company, Adams & Garth, was acquired by Michigan-based Qualified Staffing. Transact Capital Partners served as the exclusive financial advisor to Adams & Garth.
Adams & Garth provides light industrial and clerical staffing services from five offices throughout the Commonwealth of Virginia including a headquarters in Charlottesville. The merger combines the strengths of both companies and expands Qualified Staffing’s presence on the East Coast.
Patrick Morin, Managing Director at Transact Capital, represented Adams & Garth and commented: “This was an ideal transaction for both companies. Qualified was looking for a high quality partner to help them enter the Virginia market; they found it in A&G with its solid reputation, leadership, and growth pattern.” Robert Huff, Chairman of Adams & Garth, added “Patrick quickly found a buyer that was the perfect fit for A&G and our team. I am excited to see where Qualified takes Adams & Garth next.”
Qualified president, Doug Billot commented, “We are excited about being a part of a pretty vibrant Virginia economy. The transaction and the transition were both smooth, and we’re happy to have the Adams & Garth team with us.”
Qualified Staffing is a national staffing company with offices in Michigan, Alabama, Georgia, Mississippi, North Carolina, Tennessee, Texas, and Wisconsin. This acquisition is its first geographic expansion into the state of Virginia. Qualified provides staffing solutions for manufacturing, warehouse, clerical, professional, technical, medical, and call-center needs.
This transaction was featured in an article in the Charlottesville Daily Progress.
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.