December 2, 2010 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the financial advisor to The Johnsson Group, LLC (or “TJG”), a portfolio company of WMG Capital, LLC, in its recent sale to PRGX Global, Inc. (Nasdaq:PRGX), a business analytics and information services firm and the world’s leader in recovery auditing.
Founded in 1991 and headquartered in Chicago, TJG is a management consulting firm that serves Fortune 500 and mid-market clients throughout the United States. TJG provides finance and procurement operations improvement services and was purchased by Waterston Management Group in 2007.
Headquartered in Atlanta, PRGX Global, Inc., is a business analytics and information services firm and the world’s leader in recovery auditing. With more than 1,300 employees, the company operates and serves clients in more than 30 countries and provides its services to over 75% of the top 30 global retailers. PRGX is also pioneering “profit discovery,” a unique combination of audit, analytics and advisory services that improves client financial performance. Beyond its core retail practice, PRGX is actively pursuing initiatives to expand into new markets, most notably healthcare.