Industrial Staffing Report: Sept. 16, 2021

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Apollo Global Management completes EmployBridge acquisition

Apollo Global Management Inc. (NYSE: APO), a New York-based asset management firm, completed its acquisition of EmployBridge, the Atlanta-based firm that ranks as the largest provider of industrial staffing in the US.

The acquisition was first announced in June, and the completion was announced July 20.

“This new strategic partnership with Apollo is a tremendous milestone for our company that will fuel our growth journey and energize our teams as they focus on solutions to drive associate engagement and client success,” EmployBridge CEO Michael Miles said.

EmployBridge had more than $2.9 billion in revenue during 2020.

“We are excited to have completed our investment in EmployBridge and begin working with Michael and the broader EmployBridge leadership team on this next chapter of growth and development,” said Robert Kalsow-Ramos, private equity partner at Apollo. “Market fundamentals remain strong and we see a tremendous opportunity to enhance and grow the platform through accelerated investments in technology, the associate experience and new client engagement models.”

Terms of the transaction were not announced.