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Global Employment Solutions acquired by private equity firm

April 01, 2014

Global Employment Solutions, a staffing provider based in Littleton, Colo., was sold to TZP Group LLC by present owner Victory Park Capital. TZP is a private equity firm focused on control investments in business and consumer services companies.

Terms of the transaction were not disclosed.

Global Employment Solutions has 16 offices and provides professional staffing in 11 states. It also includes the Fahrenheit IT Staffing and Consulting division.

“Since acquiring the company in late 2009, Global has witnessed strong growth as Howard Brill and his team executed on a successful strategic realignment aimed toward building a leading human capital solutions platform,” said Matthew Ray, partner at Victory Park Capital.

“We worked closely with the Global team to divest non-core divisions, consummate add-on acquisitions, and establish new offices in an effort to transform the service offering and expand geographic footprint,” Ray said. “During our ownership, the company consistently capitalized on emerging industry dynamics and is now well positioned for continued growth.”

Founded in 2007, TZP Group is a private equity firm focused on investments in middle-market business and consumer services companies. TZP invests in companies with enterprise values up to $250 million.

“GES is a high-performing provider of staffing solutions. We are delighted to back a team of highly experienced and customer-focused professionals,” said TZP Partner Vlad Gutin. “We believe the company will be able to continue to expand its national presence, while maintaining its compelling value proposition for customers.”