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M&A Sale of a Leading Staffing Firm to PE-Owned Strategic Acquirer

In a challenging phase marked by significant financial distress due to inadequate accounting and tax processes, this Indiana-based staffing company faced potential foreclosure with over $50 million in debt against annual revenues of $360 million. Harney was engaged to restructure the company’s operations and financial framework.  Our multifaceted role involved restructuring, corporate finance advisory, and managing a complex M&A transaction.

Our Approach
Identified core valuation drivers of the business, which allowed us to effectively communicate the company's intrinsic value and potential to prospective buyers.
Established feasible enterprise cash flows on the future forecast
Appointed a seasoned CRO to stabilize operations and the execute of a competitive sales process.
Translated critical financial and operational elements into compelling narratives to drive a competitive auction process that drew significant interest from top-tier investors.
Outcomes
Transaction culminated in a sale to a leading private equity firm, preventing the company's liquidation and ensuring a lucrative exit for the owner.
Preserved numerous jobs and the continuation of a trusted brand within the industry.
Stabilized the company's operations and positioned it for future growth under new ownership, reflecting our commitment to achieving the best possible outcomes for our clients and their stakeholders.
Services & Roles
M&A Advisory
Special Situation Advisory
Restructuring Advisory
*Some engagements may have been performed by team prior to joining Harney Capital.