04/28/2020
Citizens M&A Advisory served as exclusive financial advisor to DeWinter Group on its recapitalization by New Heritage Capital
PROVIDENCE, RI – Citizens M&A Advisory served as the exclusive financial advisor to DeWinter Group, a leading provider of human capital solutions in the San Francisco Bay Area, on its recapitalization by New Heritage Capital, a Boston-based private equity firm.
Founded in 2000, DeWinter is one of the Bay Area’s most recognized talent acquisition brands, providing temporary and permanent staffing solutions across the accounting, finance and information technology disciplines.
Shane Oberg, CEO of DeWinter, said: “Citizens delivered an exceptional outcome for the DeWinter Group. Their extensive knowledge of the human capital industry and commitment to identifying the right partner for DeWinter was invaluable.”
Derek DeWinter, founding partner and president, added: “We are delighted to have selected Citizens to navigate our transaction. Alan Bugler and team worked tirelessly to understand and communicate our culture, vision and growth story.”
Alan Bugler, managing director with Citizens, said: “The DeWinter Group has built an impressive company with a reputation for excellence in the Bay Area. We believe the company is well-positioned to expand its market leadership through its partnership with New Heritage Capital, and we are excited to follow their continued success.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 130 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $176.7 billion in assets as of March 31, 2020. 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 2,800 ATMs and approximately 1,000 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 a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
