November 18, 2019
MSouth Announces the Acquisition of Trace Staffing Solutions by Hire Dynamics
Atlanta, GA (December 3, 2019) – MSouth Equity Partners, an Atlanta-based private equity firm, announced that Hire Dynamics, a company in their portfolio, completed the acquisition of Trace Staffing Solutions.
Trace Staffing Solutions, headquartered in Savannah, Georgia, has 16 branches in North Carolina, South Carolina, Northern Florida and Virginia, with remote on-sites in Alabama, Illinois and Texas. Like Hire Dynamics, Trace Staffing Solutions is known for its focus on client and talent service and has been awarded Best of the Best in Savannah and Statesboro, Georgia, and is a Charleston’s Choice Winner.
Hire Dynamics, headquartered in Atlanta, has 36 branches in Georgia, North Carolina, South Carolina, Tennessee, with remote onsite operations in Alabama and North Carolina. It was founded in 2001 by Dan Campbell and Jon Neff with the mission to be the #1 staffing company you refer to a friend and has earned client and talent satisfaction ratings that merit ClearlyRated’s “Best in Staffing” award recognizing the top 2% of the 10,000+ staffing companies in the U.S. for the last ten years. Additionally, it has been voted a “Best Place to Work” by its employees in Atlanta, Charlotte, Greenville and Nashville.
Peter Pettit, an MSouth Partner, said, “We are very excited about the combination of two commercial staffing companies who are known for superior service to clients and talent and as great places to work. Trace will be able to leverage the investments we’ve made in Hire Dynamics, including recruiting technology such as the Work4HD application, training and brand building, to accelerate their growth. Trace’s branches are mainly complementary to Hire Dynamics’, expanding their ability to service clients in South Georgia and the growing markets in the coastal areas of South Carolina, Virginia and North Florida.”
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $200 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare services and telecommunications/media companies. With over $2.2 billion under management across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.
Note: Best of the Best awarded by Statesboro Herald and Savannah Morning News. Charleston’s Choice awarded by Charleston Post & Courier. Best Places to Work awarded by Atlanta Business Chronicle, Nashville Business Journal, Charlotte Business Journal, and South Carolina Chamber of Commerce.