FOR IMMEDIATE RELEASE
August 30, 2023
Transact Capital advises on the acquisition of Star Hospitality Group by Noor Staffing Group, LLC.
Noor Staffing Group, LLC has announced their acquisition of Star Hospitality Group, a provider of hospitality staffing solutions whose history dates back 44 years.
This partnership with Star Hospitality Group expands the hospitality vertical of Noor Staffing Group, broadening their service offerings in staffing hospitality and food & beverage personnel with top-tier clients in the tri-state area.
"This merger is perfectly timed. In 2024, we expect to see a resurgence in the hotel market with many new hotels opening. Food and beverage demand will reach its peak. The Star Hospitality team has the experience and network of clients and staff to capitalize on these trends" said Habib Noor, Principal of Noor Staffing Group.
This merger presents Star Hospitality Group with opportunity for geographic expansion, leveraging Noor Staffing Group's national footprint. “Star Hospitality will continue to provide outstanding service to its clients and gain additional resources and access through this strategic partnership with Noor Staffing Group" stated Lance Herman, Chief Operating Officer of Star Hospitality Group.
Transact Capital’s deal team was led by Patrick Morin and David Kadycz.