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Private equity firm acquires EmployBridge

October 20, 2009
Staffing Industry Analysts North American Daily News

MSouth Equity Partners, an Atlanta-based private equity firm, acquired EmployBridge Holding Company. The deal closed Sept. 14. Terms of the transaction were not announced.

EmployBridge ranked No. 30 on Staffing Industry Analysts' list of largest staffing firms with 2008 U.S. staffing revenue of $419.3 million. It provides industrial, office/clerical, logistics, finance/accounting and allied health staffing. The company operates 145 branches in 28 states.

MSouth's predecessor, CGW Southeast Partners, owned EmployBridge from 2000 to 2006. J.W. Childs Associates and management acquired the firm in a deal announced in the fourth quarter of 2006. In the new sale, Childs and management still hold significant minority stakes in the company.

EmployBridge's management will remain in place. The company reported the deal removed all debt.

"We plan to use our new structure to our advantage in the marketplace," said CEO Tom Bickes. "This increased stability provides us with the ability to bolster existing operations and pursue new opportunities."