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
Related deals
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn moreDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Learn more