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CEO, private equity buy Ascent Services Group

May 29, 2009

Ascent Services Group, a Walnut Creek CA-based information technology and pharmaceutical staffing firm, announced a management-led buyout. Joseph Nordlinger, president and CEO, joined with private equity firm Sycamore Hill Capital Group to acquire the company. Nordlinger is one of three founders of the company.

"There is tremendous opportunity in the current transformation taking place in human capital services," Nordlinger said. "Firms that are financially strong and well-managed will be able to seize on those opportunities. Sycamore Hill's investment strengthens ASG and positions the company for continued success."

Terms of the deal were not announced.

Sycamore is located in San Francisco and Los Angeles.