Bowstring advises nextSource on its acquisition by members of the leadership team
January 24, 2019 | Atlanta, GA
Bowstring Advisors (“Bowstring”), formerly CHILDS Advisory Partners, served as the exclusive financial advisor to nextSource (or the “Company”), a leading provider of a contingent workforce solutions and a portfolio company of H.I.G. Capital and Prudential Capital Group, on its acquisition by members of the leadership team.
nextSource is a leading provider of workforce management solutions with a diverse client base, mainly in the United States. The Company is a turnkey solution provider addressing varying customer needs across the entire spectrum of contingent labor. nexstSource provides organizations with integrated talent acquisition solutions, including Managed Services Programs (MSP), Employer of Record (EOR) Services, Services Procurement and Compliance Services. These services enable the acquisition and management of contractors, agnostic across staffing suppliers, talent communities, consulting firms and independent contractors. The new investment group will lead nextSource into the next stage of its growth, acting on a clear strategy to continue positive momentum into 2019 and beyond.
Catherine Candland, CEO of nextSource, commented, “We were very pleased with the guidance Bowstring Advisors provided to our leadership team. We found their industry expertise, investment guidance and market valuations critical to our process.”
Scott Rhodes, Managing Director at Bowstring and head of the Software practice, added, “We are pleased to have advised nextSource on both its sale to H.I.G. Capital and Prudential Capital Group in 2013 and now on this transaction. We are excited for Catherine Candland and her team to continue executing against their growth plan.”
We were very pleased with the guidance Bowstring Advisors provided to our leadership team. We found their industry expertise, investment guidance and market valuations critical to our process.