April 25, 2016
MSouth Closes the Recapitalization of Hire Dynamics, LLC
Atlanta, GA (April 25, 2016) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its third platform investment in Fund III. In partnership with management, MSouth completed the recapitalization of Hire Dynamics, LLC.
Hire Dynamics, based in Atlanta, GA, is a leading staffing provider specializing in call centers, manufacturing facilities, logistics/e-commerce operations and office support. Founded in 2001, the Company now operates 12 branch offices and 22 on-sites across Georgia, North Carolina, South Carolina, Tennessee, Alabama and Texas. Hire Dynamics has been recognized by Inavero as a “Best in Staffing” operator, recognizing the top 1% of the 10,000 staffing companies in the United States on client and talent satisfaction. It has also been awarded in multiple years by Staffing Industry Analyst’s list of “Best Staffing Firms to Work For” and Inc. Magazine’s 500/5000 List of the Fastest Growing Private Companies in the U.S., among others.
“We are excited about our investment in Hire Dynamics,” said Peter Pettit, an MSouth Partner. “Hire Dynamics has a long standing reputation for great people, service and consistent growth. Along with its standing as one of the top 1% of staffing companies in the U.S., it is also a ‘Best Places to Work’ in every market where it operates. We look forward to partnering with the Hire Dynamics senior team to grow the business.”
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 $150 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of companies in sectors where the firm has significant investment, management and transactional experience. MSouth invests with the objective of increasing operating cash flow through growth initiatives and active ownership. A key element of MSouth's investment strategy is partnering with proven management teams to create value. Founded in 2007, MSouth manages $1.3 billion with three active funds. MSouth is the successor to Cravey, Green & Wahlen, which was formed in 1984.