Private equity firm EQT has agreed to acquire PRO Unlimited, an MSP and VMS provider. The companies announced the deal today. The transaction is subject to customary conditions and approvals; it’s expected to close in the second half of this year.

PRO Unlimited is being acquired from Harvest Partners and Investcorp. Harvest Partners will continue as a shareholder in PRO Unlimited with a minority stake; it had initially acquired a stake in PRO back in 2017 as part of a recapitalization.

“We are proud of what PRO Unlimited has achieved in recent years in collaboration with Harvest Partners and Investcorp,” PRO Unlimited CEO Kevin Akeroyd said. “The contingent labor industry is experiencing strong growth, fueled by workers’ desire for increased autonomy and flexibility.”

Akeroyd said his company will leverage EQT’s industry expertise, digital capabilities and network of advisors.

“EQT is excited to invest in PRO Unlimited and partner with [Akeroyd], the full PRO Unlimited team and Harvest Partners as the company embarks on the next phase of continued growth,” said Kasper Knokgaard, a partner within EQT’s advisory team.

PRO Unlimited is based in San Francisco.