McNally Capital Announces Investment in Re-Sourcing Holdings

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McNally Capital announced today an investment in Re-Sourcing Holdings (Re-Sourcing), a leading provider of strategic staffing, consulting, and direct hire solutions, focusing on Compliance, Legal, Information Technology, Finance & Accounting, and HR positions hrtech news. Re-Sourcing serves clients through six premium brands: JW Michaels & Co., Compliance Risk Concepts, ExecuSource, Perennial Resources International, Partnership Employment, and Technology Navigators hrtech.

“Re-Sourcing has established itself as a leader in its markets, and we are excited to partner with them as they continue their impressive history of growth,” said Adam Lerner, Partner at McNally Capital. “Our partnership with the Re-Sourcing team is consistent with our thesis of collaborating with best-in-breed owners and managers of businesses to help them achieve their long-term growth objectives. One of our primary investment theses focuses on the staffing industry, and we are excited to have completed this platform investment.”

Joseph Kelly, CEO of Re-Sourcing, said, “My business partners and their teams have worked tirelessly to develop successful brands that stand out in the staffing industry. Equipped with additional capital, we’ll continue to grow our world-class team of staffing professionals and consultants, both organically and through additional add-on acquisitions. Partnering with McNally Capital will aid my partners and me in pursuit of our goal to build one of the fastest growing and most profitable companies in our industry.”

McNally Capital and Re-Sourcing Holdings are actively seeking add-on opportunities, specifically targeting lower mid-market temporary staffing firms in primary, secondary, and tertiary cities in the United States.

McNally Capital completed this transaction in line with its model of partnering with management teams, industry experts, and family offices to provide additional resources for its portfolio companies. Among others, Jeff Bowling, founder and former CEO of The Delta Companies, a Dallas-based staffing company, participated alongside McNally Capital in the due diligence process and as a co-investor in the transaction.

Bowstring Advisors acted as the financial advisor to Re-Sourcing. McDermott, Will, & Emery acted as legal advisor to McNally Capital.


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