Bowstring advises MDI Group on its acquisition by Motion Recruitment Partners
January 10, 2019 | Atlanta, GA
Bowstring Advisors (“Bowstring”), formerly CHILDS Advisory Partners, served as the exclusive financial advisor to MDI Group, (“MDI” or the “Company”), a leading provider of IT staffing and contingent workforce solutions, on its sale to Motion Recruitment Partners (“Motion”), a portfolio company of Littlejohn & Co. (“Littlejohn”).
MDI Group is a leading IT Staffing firm and Managed Service Provider (MSP) with offices in Atlanta (GA), Greenville (SC), Charlotte (NC), Dallas (TX), Fort Worth (TX) and Phoenix (AZ). MDI also provides its ID² workforce solution – a unique technology training, certification and deployment program to address the ever-growing skills gap in the IT sector.
MDI’s proven suite of talent solutions, 30 years of valued client relationships and unique geographic presence provide the ideal blend of expanded capabilities to complement the Motion Recruitment Partners’ platform. This acquisition adds six new IT Staffing offices and three new U.S. markets (Charlotte, Greenville, Phoenix). It also adds the Managed Service Provider capability to Motion’s Sevenstep global talent solutions suite including: Enterprise & Project RPO, Employer Branding and Data Analytics – Talent AI™ offering. MDI’s ID² workforce solution will be a valued solution applied across the enterprise to both Staffing and RPO customers of Motion.
Ella Koscik, Chairperson & Owner of MDI Group, commented, “Bowstring’s knowledge of the marketplace and their understanding of all aspects of the transaction are unparalleled. Bowstring’s team took the time to understand our company and vision, which was very important to a successful engagement.”
Steve Dyott, Director with Bowstring, added, “We are very excited for MDI and Motion’s new partnership that will provide a comprehensive suite of workforce solutions to both existing and new customers. We look forward to the continued success of MDI and Motion and wish them all the best.”
Bowstring’s knowledge of the marketplace and their understanding of all aspects of the transaction are unparalleled. Bowstring’s team took the time to understand our company and vision, which was very important to a successful engagement.
Chairperson & Owner