The acquisition of IT staffing firm TSR (NASDAQ:TSRI) by Justin Christian, founder of BCforward, has closed.

Plans for the deal were announced May 16.

TSR, a publicly traded firm based in Hauppauge, New York, is being acquired for $13.40 per share in cash, representing an equity value of $29 million. TSR will become a private firm after the acquisition and cease trading on the Nasdaq Capital Market.

Christian is the CEO and founder of Bucher and Christian Consulting, dba BCforward. It’s one of the largest Black-owned professional services and workforce management solutions firms in the US, according to the company. Its services include staffing.

TSR, founded in 1969, posted revenue of $19.7 million in its fiscal third quarter ended Feb. 29.