12/19/2019
Citizens Capital Markets’ Bowstring advises WinterWyman on its acquisition by The Planet Group
PROVIDENCE, RI – Bowstring Advisors, a division of Citizens Capital Markets, served as the exclusive financial advisor to the combined enterprise of Winter, Wyman & Company, Inc.; Winter, Wyman Financial Contracting, Inc.; Winter, Wyman HR Contract Solutions, Inc.; and Winter, Wyman Technology Contracting, Inc., a leading professional staffing provider, on its acquisition by The Planet Group, a portfolio company of MidOcean Partners and leading provider of outsourced human capital and consulting solutions.
Founded in 1972 by the Melville Family, WinterWyman is one of the Northeast’s most recognized talent acquisition brands providing contract staffing, temp-to-perm and contingency search services across Technology, Finance & Administrative and Human Resources disciplines.
“Maintaining WinterWyman’s legacy and the continued growth opportunity for the team was of critical importance for our family in identifying the right partner for the organization. We firmly believe we have found that in The Planet Group,” said Dave Melville, Board member and Advisor to WinterWyman. “The Bowstring team was spectacular. They worked hard, both creatively and efficiently, to bring about this successful outcome. From my perspective, the most important aspect of the partnership was the trust they created with our team. I am very happy they were on our side.”
Steve Dyott, Director with Bowstring, said: “The Melville Family has built an impressive company providing exceptional talent for 40+ years. WinterWyman’s management team and shareholders sought to identify a partner to support the Company’s growth aspirations while preserving WinterWyman’s customer-centric culture. The Planet Group’s proven track record and entrepreneurial approach are a perfect fit for WinterWyman, and we look forward to the combined enterprise’s growth and success.”
Citizens Capital Markets, Inc. provides merger and acquisition, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. Citizens delivers thoughtful advice, keen market insight and superior execution to clients, both nationally and internationally. Citizens’ managing directors average nearly 30 years of experience and have directly executed more than 1,000 transactions throughout their careers.
For more information, please go to the Citizens Commercial Banking M&A Advisory Services website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $164.4 billion in assets as of September 30, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,900 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
