Bowstring Advises Advantage Resourcing in its Acquisition of Atterro
June 22, 2015 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Advantage Resourcing America Inc. (“Advantage”) in its acquisition of Atterro Human Capital Group (“Atterro”). Advantage operates as a subsidiary of Tokyo-based Recruit Holdings (TSE:6098), an international provider of multiple human capital management and information services in Japan, the U.S., the U.K., and Australia. Atterro is a leading specialty staffing, contingent workforce solutions, and recruitment process outsourcing company with operations throughout the U.S. The acquisition provides Advantage with an additional $250+ million in revenue, strong brand recognition, and a complementary U.S. footprint. The combined entity will have over 190 locations in North America.
“The acquisition of Atterro will be an integral step toward the expansion goals of the Advantage Group,” said Toshio Oka, CEO of Advantage Resourcing. Clay Morel, CEO of Atterro Inc., will remain in a key leadership role at Atterro, working alongside Oka. “We felt the culture was right, especially Advantage’s focus on people. Joining the Advantage group will provide Atterro opportunities to expand our client base and our services on a national and global footprint.”
Dave Philips, Managing Director with Bowstring Advisors, remarked, “We were delighted to work with the Advantage team in their evaluation of suitable acquisition prospects and expansion strategy. We’ve had a relationship with Atterro for many years and their culture and geographic footprint are a great fit with Advantage’s growth strategy.”
Terms of the transaction were not disclosed.
We were delighted to work with the Advantage team in their evaluation of suitable acquisition prospects and expansion strategy. We’ve had a relationship with Atterro for many years and their culture and geographic footprint are a great fit with Advantage’s growth strategy.