Valtech Services, Inc. has sold 100% of its assets to Cornerstone Staffing Solutions
December 2015 — The private shareholders of Valtech Services, Inc. have sold the company to Cornerstone Staffing Solutions. Financial details have not been disclosed.
Valtech Services, Inc. is a premier provider of contract staffing solutions, projects, and managed staffing services to emerging, mid-sized, and Fortune 500 and Fortune 100 information technology (IT) organizations nationwide. Founded in 1996, the company serves multiple vertical industries and some of the largest global corporations with high-demand technology consultants.
Cornerstone Staffing Solutions, Inc. is a privately held provider of diversified staffing and contingent workforce solutions nationwide. The company is among the top 120 largest staffing firms in America, as ranked by Staffing Industry Analysts. Since 2003, Cornerstone has grown from a neighborhood staffing provider to a US$100 million national firm that employs thousands of people at hundreds of companies throughout the USA.
Our role in the transaction
Oaklins' team in Dallas was engaged by the global parent company to execute a discreet strategic initiative to source and qualify potential buyers. The sellers were equally focused on aligning with a buyer that provided a sound, acceptable future for division management in addition to achieving market terms. Our team worked with Valtech Services' management to prepare the company for sale and to manage their roles and expectations related to the sale process. They generated three offers that gave the client the ability to combine a favorable price, market terms, and go-forward opportunities for division management.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
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