Sequent, Inc. has sold the assets of its wholly owned subsidiary Sequent HR Consulting to Change 4 Growth
August 2017 — Sequent, Inc. has sold the assets of its subsidiary Sequent HR Consulting (SHR) to Change 4 Growth. Financial details will remain confidential.
SHC is the wholly owned subsidiary of Sequent, Inc. SHC is a high-end, organizational change management consulting business serving Fortune 500 clients that has grown to over US$5 million in revenues and is highly profitable.
Change 4 Growth is a new companycxreated by the SHC's former executive and is expected to build off the solid reputation that SHC has earned in the marketplace for more than ten years. The company's client base includes American Eagle, Safelite AutoGlass, Cardinal Health, LBrands, PetSmart, Chico’s and other successful Fortune 500 companies.
Sequent, based in Columbus, Ohio, is a 23-year old, high-quality professional employer organization (PEO) serving 225 small and mid-sized businesses, with comprehensive, tech-enabled employment-related services and HR consulting. With 3,000 employees, the company’s service offering includes: payroll processing and administration, payroll tax administration, workers’ compensation insurance, health and other benefit administration and exceptional risk management for all employment-related compliance matters.
Our role in the transaction
Oaklins' team in Dallas advised the seller in this transaction. The client base of Sequent, Inc. and SHC is very diverse, therefore finding a buyer to purchase both operations would have been difficult. The team consulted with the shareholders and developed a plan to sell the consulting subsidiary, SHC, prior to the sale of Sequent, Inc. TThey negotiated favorable terms for the selling shareholders and continues to represent them in the sale of the parent company.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
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