12/10/2021
Citizens Advises Hire Dynamics on its Acquisition by EmployBridge
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Hire Dynamics, a provider of light industrial workforce solutions, on its acquisition by EmployBridge.
Founded in 2001, Hire Dynamics is a leading tech-enabled commercial workforce provider in the Southeast, employing approximately 11,000 people daily at more than 2,000 client locations. Hire Dynamics was a portfolio company of MSouth Equity Partners, an Atlanta-based middle-market private equity firm. EmployBridge is majority-owned by certain investment funds managed directly or indirectly by Apollo Global Management, Inc. (NYSE: APO) and its subsidiaries and affiliates.
Peter Pettit, partner at MSouth Equity Partners, said: “Citizens did an excellent job managing the Hire Dynamics process on behalf of MSouth and the company. They demonstrated extensive knowledge of the industry, and their experience executing transactions in the sector allowed their team to drive a competitive and efficient process that identified the right partner for Hire Dynamics.”
Steve Dyott, managing director at Citizens M&A Advisory, said: “Hire Dynamics is a market leader with a phenomenal team, culture and track record. The partnership with EmployBridge brings together two of the top commercial and light industrial workforce solutions providers in the U.S. — and their continued innovation and focus on exceptional client and candidate outcomes will continue to drive their collective success. We are thrilled with the outcome for the Hire Dynamics and MSouth teams.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has closed more than 175 transactions in the last five years and has more than 70 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 $187.0 billion in assets as of September 30, 2021. 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 3,000 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.
The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.
