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IT staffing provider ettain group inc. is receiving an investment by private equity firm New MainStream Capital. The deal includes bringing in Bob Livonius as a board member. Livonius is a member of New MainStream’s operating executive council. In addition, Livonius is also president, strategic workforce Solutions at AMN Healthcare Inc. (NYSE: AHS) and former chairman of the American Staffing Association.
Terms of the deal were not announced. Ettain’s co-founders, Jeff Harris and Brian Deblitz, will continue in their roles at the Charlotte, N.C.-based company and remain significant shareholders.
Ettain ranked on last year’s list of fastest-growing staffing firms. Its revenue now exceeds $100 million.
New MainStream is based in New York and Dallas.