Smart Resources Inc. has been acquired by BG Staffing, Inc.
September 2017 — 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.
Our role in the transaction
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
JP Chick & Partners has been acquired by Qflow
J P Chick & Partners Ltd. has been acquired by Qflow Group AB, strengthening Qflow’s presence in the UK. With nearly 40 years of experience, an established presence in the East of England and broad expertise in structural, civil and environmental engineering, J P Chick complements the capabilities of Qflow’s existing UK businesses. The acquisition further expands Qflow’s UK operations and strengthens its multidisciplinary engineering offering.
Learn moreVeremark has completed a secondary share sale
Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.
Learn moreENGIE Énergie Services has sold Majorelle to Isospace
Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.
Learn more