Bowstring Advises StaffMasters in its Acquisition by Hire Dynamics

October 19, 2017 | Atlanta, GA

Bowstring Advisors (“Bowstring”) served as the financial advisor to StaffMasters Holdings, LLC (“StaffMasters” or “the Company”), a leading commercial staffing provider in the Carolinas, in its acquisition by Hire Dynamics (a portfolio company of MSouth Equity Partners), a leading commercial staffing provider throughout the Southeast.

StaffMasters, headquartered in Charlotte, N.C., has 23 branches throughout North Carolina and South Carolina. Founded in 1982 by Richard Langdon, StaffMasters serves more than 715 clients and offers work to more than 16,000 individuals, including 300 veterans. Like Hire Dynamics, StaffMasters has received Inavero’s “Best in Staffing” award for several years, earning client and talent satisfaction ratings in the top 2% of the 10,000+ staffing companies.

Richard Langdon, Founder and CEO of StaffMasters, stated, “Bowstring spent the time to deeply understand our business, which enabled us to identify the right potential investors. Their knowledge of the industry, relationships with the buyers, and their attention to detail throughout the process enabled us to achieve a great outcome.”

“It was a real pleasure working with Rich and his team. StaffMasters’ culture and service offerings align nicely with Hire Dynamics, and the two companies’ strong reputation and track record of growth make the combined organization one of the premier staffing providers in the southeastern U.S.,” said Dave Phillips, Managing Director at Bowstring Advisors.

Bowstring spent the time to deeply understand our business, which enabled us to identify the right potential investors. Their knowledge of the industry, relationships with the buyers, and their attention to detail throughout the process enabled us to achieve a great outcome.

Richard Langdon
Founder and CEO
StaffMasters