Bowstring Advises Accretive Solutions in its Acquisition by Resources Global Professionals
January 4, 2018 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Accretive Solutions, Inc. (“Accretive” or the “Company”), a leading provider of consulting, staffing, and outsourcing solutions to a wide variety of organizations in the U.S., in the sale of substantially all of its assets and certain of its liabilities to Resources Connection LLC, the primary operating subsidiary of Resources Connection, Inc., (NASDAQ: RECN), operating as Resources Global Professionals (“RGP”).
Accretive has a presence in 11 national markets and has created an all-encompassing professional services firm that has flexibility and diversity at the forefront of its work. The firm has over 600+ professionals and serves over 900 clients over a spectrum of industries. The Company’s expertise in accounting and finance, business transformation, executive search, governance and compliance, and information technology enables Accretive to be a long-term partner to guide clients through the entire business cycle. In addition, its Countsy business unit delivers outsourced accounting and HR services to roughly 250 venture-backed start-up companies.
Kerry Barrett, CEO of Accretive, stated, “We are very excited to join forces with RGP. This combination enables both firms to capitalize on their shared and unique capabilities, and provide a broader array of service offerings. We are thankful to the Bowstring team for helping us find the right partner.”
Jim Childs, CEO of Bowstring, remarked, “It was great to work with the Accretive team. Their dedication to their clients and employees aligns perfectly to RGP’s core values and will be very impactful to RGP in the future. We wish them all the best!”
We are very excited to join forces with RGP. This combination enables both firms to capitalize on their shared and unique capabilities, and provide a broader array of service offerings. We are thankful to the Bowstring team for helping us find the right partner.
Accretive Solutions, Inc.