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EmployBridge Closes Acquisition of Light Industrial Workforce Solutions Provider Hire Dynamics
Wednesday 24 November 2021

US-based light industrial workforce solutions provider EmployBridge has completed the acquisition of Southeastern United States light industrial workforce solutions provider Hire Dynamics, the company said.

This transaction builds upon a recent platform investment in EmployBridge by Apollo-managed funds and underscores EmployBridge's commitment to growth, innovation and expanding opportunity.

As previously announced, the combined company will be led by Billy Milam, former CEO of Hire Dynamics.

Houlihan Lokey and RBC Capital Markets served as financial advisors and Paul, Weiss, Rifkind, Wharton and Garrison LLP and Akin, Gump, Strauss, Hauer and Feld LLP served as legal advisors to EmployBridge and the Apollo Funds.

Citizens Bank M and A Advisory acted as lead financial advisor and DLA Piper as legal counsel to MSouth Equity Partners and Hire Dynamics.

The terms and conditions of the transaction were not disclosed.

As workforce specialists, EmployBridge provides value-added workforce solutions and job opportunities through focused specialty divisions including ResourceMFG, ProLogistix, ProDrivers, Select, RemX, Remedy Intelligent Staffing, Westaff and Decca, Resdin, and Vaughan.

The company puts more than 400,000 temporary associates to work annually across a network of over 365 offices in 48 states.
Date Published: 24/11/2021