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Announced

Completed

FFL-backed Velocity Global completed the acquisition of iWorkGlobal from Gary D. Nelson and Associates.

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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Domestic

United States

Friendly

Acquisition

workforce management solutions

Completed

Private

Majority

Single Bidder

Digital Services

Private Equity

Synopsis

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FFL-backed Velocity Global, a provider of global expansion solutions, completed the acquisition of iWorkGlobal, a global contingent workforce management and expansion solutions provider, from Gary D. Nelson and Associates, a recruiting services provider. Financial terms were not disclosed. “This strategic acquisition combines scale and expertise in a single platform for companies to employ top talent in another state or another country, quickly and compliantly. We welcome the iWorkGlobal team, its clients, supported employees, and partners to the Velocity Global family at an inflection point for companies as we exit a pandemic that fundamentally removed the worker from the workplace,” Ben Wright, Velocity Global Founder and CEO.

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