Bowstring Advises Workforce Insight Inc. in its Recapitalization with Baird Capital
May 6, 2014 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Denver-based Workforce Insight, Inc. (“Workforce Insight”), a leading global provider of strategic workforce management consulting, analytics and managed services, in its recent recapitalization with Baird Capital (“Baird”).
Workforce Insight has helped over 225 customers, including 12 Fortune 100 organizations, experience significant productivity improvements by aligning labor with business demand and supporting compliance with government regulations and labor contracts. The company leverages technology, analytics tools, and market-leading process expertise to achieve financial benefits totaling hundreds of millions of dollars.
Angela Selden, an advisor at Baird Capital, will become CEO at Workforce Insight, and both founders will remain with the Company. Steve Goldman will become President, and Don Giffels will remain as Vice President of Healthcare Solutions.
“We are thrilled at the opportunity this partnership with Baird Capital will provide our employees and customers,” said Goldman. “This investment means we will be able to provide even more innovative platforms and services and expand the geographies we serve, while creating financial growth and streamlining operations. We look forward to working closely with Angie and the rest of the Baird Capital team to help our customers transform their businesses and improve financial health.”
Goldman continued by saying, “We engaged Bowstring Advisors based on their exceptional M&A track record in the HR yechnology and IT consulting sectors. Bowstring’s industry knowledge, attentive client service and commitment to our transaction objectives provided a very successful outcome for us.“
Tom Donahue, Managing Director at Bowstring Advisors, said, “Our HR technology sector focus, combined with the opportunity to work with a premier brand, led to a competitive process and identification of the right partner for Workforce Insight. The management team and Baird share the same vision for the Company’s growth and continued dedication to its clients.”
Workforce Insight’s recapitalization with Baird was effective April 4, 2014. Terms of the transaction were not disclosed.
We engaged Bowstring Advisors based on their exceptional M&A track record in the HR technology and IT consulting sectors. Bowstring's industry knowledge, attentive client service and commitment to our transaction objectives provided a very successful outcome for us.