Smart Resources Inc. has been acquired by BG Staffing, Inc.
The shareholders of Smart Resources Inc. (SRI) have sold the company to BG Staffing, Inc., a rapidly growing national provider of professional temporary staffing services. Financial details have not been disclosed.
Smart Resources is a well-known and respected high-end boutique staffing and recruiting company based in Chicago, Illinois. Over a 23-year history, it has built a sterling reputation, consistently receiving “best in the industry” awards, by serving its market with exemplary temporary/contract and direct hire staffing services specializing in high-skilled administrative and accounting/finance professionals.
BG Staffing, Inc. (NYSE:BGSF) is a publicly traded professional temporary staffing platform that has integrated several regional and national brands. The company was ranked as the 60th largest US staffing company in 2017, and was named the 71st fastest-growing staffing company in the country in 2016 by Staffing Industry Analysts. Its acquisition philosophy brings financial growth and retention of unique and dedicated talent.
Oaklins' team in Dallas advised the seller in this transaction. The team developed a plan to approach key buyers in the industry who had a strong interest and strategic alignment with SRI. Running a formal process, managing both the number of buyers and a managed timeframe for negotiating initial offers, the team in Dallas delivered four strong and competing offers and subsequently improved those offers by over 30%, resulting in an all-cash market valuation plus earn-out. The client selected the acquiror who provided the most promise in terms of experience and resources, capital, and future career growth opportunities for the SRI team.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
Related deals
SAP Landscapes has secured investment from Renatus Capital Partners
SAP Landscapes Limited has secured new investment from Renatus Capital Partners. The investment from Renatus will accelerate SAP Landscapes’ continued expansion, including geographic growth and the broadening of its services, both organically and through potential acquisitions or partnerships.
Learn moreNative Communities has been acquired by Greystar Real Estate Partners
Build-to-rent landlord Greystar Real Estate Partners has acquired Native Communities, a living sector and mixed-use management company, from Ares Real Estate. This acquisition strengthens Greystar’s third-party property management capabilities, accelerating its strategy to scale operations across key European markets. The combined business is uniquely positioned to support clients from single assets to complex, multi-country portfolios.
Learn moreDolmans Landscaping Group has welcomed Foreman Capital as a new shareholder to support further growth
Dolmans Landscaping Group, a leading full-service provider of landscaping services, has welcomed Foreman Capital as a new shareholder. By partnering with Foreman Capital, which has extensive experience in building stronger companies in the maintenance of public spaces, Dolmans can accelerate its growth trajectory across core verticals and further professionalize the business.
Learn more