Addison Group, a Chicago-based staffing provider, struck a deal to be acquired by private equity firm Trilantic Capital Partners. Addison ranks No. 90 on the list of largest U.S. staffing firms. The largest two staffing segments served by the firm are information technology and office/clerical.
The company was acquired from private equity firm Lake Capital Partners.
The deal is set to close on Oct. 11, but terms of the transaction have not been announced. Addison management will continue to own a portion of the firm.
Trilantic is a global private equity firm focused on control and significant minority investments in North America and Europe.