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New Deal


Announced

Completed

Hire Dynamics completed its acquisition of Trace Staffing Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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staffing

Outsourced HR and Staffing

United States

Majority

Single Bidder

Private

Completed

Acquisition

Friendly

Private Equity

Synopsis

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Hire Dynamics, a provider of human resource management services, agreed to acquire Trace Staffing Solutions, a commercial staffing company, from Amzak Capital Management, a private investment firm. Financial terms were not disclosed. “The combination of Hire Dynamics and Trace brings together staffing providers known for their high service levels, growth rooted in proven client and talent satisfaction and a long-term focus on the Southeastern United States. The companies both provide support for warehouses, administration, manufacturing and contact centers. Trace’s branches are complimentary to Hire Dynamics branches and will expand our ability to serve clients in South Georgia and the growing markets in the coastal areas of South Carolina, Virginia and Jacksonville, Fla,” Billy Milam, Hire Dynamics CEO.

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