Bowstring Advises CSI Companies in its Acquisition of Anteo Group
September 12, 2013 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to The CSI Companies in its acquisition of Anteo Group, an Atlanta-based IT staffing firm. The 11-year-old firm, annually recognized as one of the “Best Places to Work” in Atlanta, will continue to operate under the Anteo name, which is well-established in the Atlanta area.
Dave Phillips, Director at Bowstring Advisors, said, “We were thrilled to work with CSI’s senior management team and vetted a number of great companies. Anteo’s culture and service offerings align nicely with CSI’s, and we are delighted to assist in CSI’s growing footprint in the United States.”
“We carefully evaluated a wide variety of firms nationwide for our first acquisition,” said Rafe Sanson, CEO of The CSI Companies. “Anteo Group has a talented and experienced team, well-established client relationships with Fortune 500 companies and a company culture that mirrors what we have built here at CSI.”
This is the first acquisition for The CSI Companies, which has experienced rapid organic growth annually and has expanded to more than 150 employees with locations throughout the Southeast and Texas. The purchase of Anteo gives CSI a presence in the Southeast’s largest market, where several CSI clients have locations. Furthermore, Anteo’s partnership with CSI increases the recruitment bandwidth for Anteo’s national client base.
Anteo Group was founded by Dion DeLoof in 2002 and is located in Midtown Atlanta. Prior to starting Anteo Group, Dion completed 10 years with Allegis Group Inc., which included a six-year term in Europe as Director of European Operations as well as roles including European Division Director, Engineering Services and Director of U.K. Operations, IT Services. Dion will continue to manage the day-to-day operations and client delivery for Anteo Group.
“This was a great opportunity for Anteo to partner with another growing IT firm and expand our recruiting resources for our clients,” said Anteo President Dion DeLoof. “I am truly excited about what this partnership means to our employees, our candidates and our clients.”
The acquisition combines two growing IT staffing departments and further strengthens CSI’s IT staffing capabilities nationwide.
We carefully evaluated a wide variety of firms nationwide for our first acquisition. Anteo Group has a talented and experienced team, well-established client relationships with Fortune 500 companies and a company culture that mirrors what we have built here at CSI.
The CSI Companies