IT Staffing Report: Nov. 7, 2019

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PE firm makes majority investment in Ettain Group; acquires additional firms

Ettain Group received a majority investment from private equity firm Alvarez & Marsal Capital. The Charlotte, North Carolina-based company then went on to acquire Global Employment Solutions, which ranks among the 100 largest US staffing firms, and Leidos Inc.’s consulting business in commercial electronic health records.

“Ettain Group provides a highly attractive platform for investment in the IT staffing and solutions space,” said Michael Odrich, managing partner and founder of A&M Capital.

On Staffing Industry Analysts’ list of largest US staffing firms, Ettain Group ranks No. 109 while Global Employment Solutions ranks No. 94. Both firms are also included on SIA's 2019 list of largest IT staffing firms in the US at No. 30 and No. 40 respectively.

Combined, the company will have more than 3,000 employees and consultants.

Global Employment Solutions provides IT and professional staffing services. Its brands include Fahrenheit IT, Itec and Global Employment Solutions. The Littleton, Colorado-based firm has been a portfolio company of TZP Group, which will retain a minority stake in the combined company.

The Leidos business provides electronic health records implementation, optimization and go-live services. It will be rebranded along with Ettain’s healthcare IT practice as Ettain Health.

“The Leidos Health business brings deep knowledge and comprehensive healthcare IT advisory, implementation, optimization and application management solutions,” Ettain CEO Trent Beekman said. Global Employment Solutions “brings years of experience in IT and professional staffing and ranks among the largest US staffing firms.”