Kelly Services lands a half a billion dollar deal & more!

Here are 7 deals from last week. Scroll for more details on the following: Kelly Services landed one of the biggest deals of the year, VC backed co’s are creating proprietary talent pools, another staffing firm buys a consulting shop, and healthcare staffing gets more PE capital for future deals.  

April 29th-May 3rd Deals

BDV Solutions buys seasonal labor provider - Temp Staffing.
BDV provides employment based immigration consulting services to US companies in need of non-domestic labor. By acquiring Arkansas Global Connect, BDV now directly connects US employers with the seasonal agricultural, hospitality, and manufacturing international labor.

PE-backed G&A Partners acquires Teamworks Group - HR Solutions Platform.
G&A Partners is rolling up Utah! This is their 5th Utah-based acquisition. This deal expands their PEO services, employee benefits, and HR solutions to the SMB market. 

Two VC backed firms create a virtual talent bench - Talent Platform.
Open Assembly and Fulcrum combine to create Bench Talent Cloud, a solution for employers to create their own private pool of "ready to work" talent. There are many places an employer can look to source their next hire. Bench Talent Cloud aggregates the talent from all those sources and screens candidates so when a hire is needed, the employer hires from their central pool. 

Advanced RPO acquires Aspirant RPO - RPO.
One RPO tucks-in another. Advanced adds a Pittsburgh based RPO provider that expands their expertise into chemical and manufacturing industry while also adding employer branding and talent advisory services. 

Provisions Group acquires Logic Cadence - IT Staffing & Consulting.
An IT staffing firm acquires an IT & digital transformation service provider. This follows the trend of staffing firms adding consulting/SOW firms to likely find work arounds to enterprise MSPs and form direct contracted relationships with customers. These deals make a lot of sense for both parties. 

All Star Healthcare looks to beef up with new PE owner - Healthcare Staffing.
The majority sale to Knox Lane will be followed by investments in their team, tools, and definitely M&A. If you haven’t heard, the healthcare staffing is ultra-competitive. It will take a couple tuck-ins for All Star to climb in the rankings from #62. 

Kelly Services acquires Motion Recruitment for $480M - Staffing.
After a big sale of their EU business, Kelly Services shuffles their chips around to execute the $480M acquisition of Motion Recruitment (fka Matrix Resrouces). The deal highlights include Kelly adding to their RPO, Tech staffing, Telco, and Federal services. And of course a much needed bump to revenue and earnings after Kelly reported Q4'23 decline.

If I missed any deals, please let me know with a reply.

ALSO, if you ever want your company name to appear in one of these headlines, The LongBoard Group would love to help!

More deals to come.

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