Bowstring advises Re-Sourcing on its recapitalization by McNally Capital

February 13, 2020 | Atlanta, GA

Bowstring Advisors (“Bowstring”), a division of Citizens Capital Markets, served as the exclusive financial advisor to Re-Sourcing Holdings on its recapitalization by McNally Capital. Re-Sourcing Holdings is a leading provider of strategic staffing, consulting, and direct hire solutions through six premium brands: JW Michaels & Co., Compliance Risk Concepts, ExecuSource, Perennial Resources International, Partnership Employment, and Technology Navigators.

Founded in 2003 by William Lewis, Joe Kelly and their partners, Re-Sourcing has developed a leading platform in the staffing industry by leveraging a differentiated operating model to partner with best-in-breed owners and managers of businesses. Through organic growth and acquisition, Re-Sourcing has established itself as a leading competitor in multiple service lines, industry verticals, and geographic markets.

Joe Kelly, CEO of Re-Sourcing, said: “We were extremely pleased with the Bowstring team as they worked with us as true partners throughout the process.  Their patience and intimate knowledge of the industry helped us find the right partner to support our growth plans and objectives. Partnering with McNally Capital will aid my partners and me in pursuit of our goal to build one of the fastest growing and most profitable companies in our industry.”

Alan Bugler, managing director with Citizens, said: “Joe Kelly, William Lewis and their partners have built an impressive platform in the human capital industry over the past 15+ years.  Their experience in the industry and unique approach to partnership have enabled them to create an impressive business with sector specific subject matter experts.  We were delighted to help Re-Sourcing partner with McNally Capital, who shares the company’s focus to continue building one of the fastest growing companies in the industry, through organic growth and acquisition.  We look forward to witnessing the business’ continued growth and success.”

We were extremely pleased with the Citizens team as they worked with us as true partners throughout the process. Their patience and intimate knowledge of the industry helped us find the right partner to support our growth plans and objectives. Partnering with McNally Capital will aid my partners and me in pursuit of our goal to build one of the fastest growing and most profitable companies in our industry.

Joe Kelly
CEO
Re-Sourcing