Gauge Capital has recapitalized and invested in Milwaukee, Wisconsin-based Infosoft, a provider of regulatory compliance and recruitment solutions. No financial terms were disclosed for the transaction that was done with Infosoft owners and management. Also, Tom McKelvey, Whitney Bowman and James Jackson of Gauge Capital have been added to Infosoft’s board of directors.
Gauge Capital announced that it has partnered with the owners and management team of The Infosoft Group, LLC (“Infosoft” or the “Company”) to recapitalize and make a strategic investment in the Company. Founded in 1996 and headquartered in Milwaukee, Wisconsin, Infosoft is a leading provider of regulatory compliance and recruitment solutions. The company provides federal contractors with a fully outsourced solution to comply with several regulations of the Office of Federal Contract Compliance Programs (OFCCP) and also maintains a network of over 600 locally-focused online employment websites.
“Our recent partnership with Gauge Capital launches the company into a new, exciting chapter. This relationship promotes accelerated growth, expanded offerings, and an increased market share. It will be terrific working with Gauge, a company with experienced professionals and a proven track record,” said Jamie Gobel, Co-President of Infosoft. Liz Dotson, also Co-President, added “This is an exciting time as we embark on the next phase of our company’s growth and development with Gauge Capital. Together, we can take our business and services to the next level.”
Tom McKelvey, Co-Founder and Managing Partner at Gauge Capital said, “We are excited to partner with what we believe to be the industry leading OFCCP solution and support the company’s growth. Infosoft has become an industry leader in both OFCCP compliance and local job postings through developing solutions that are both innovative and cost-effective. We have been impressed with Liz Dotson and Jamie Gobel since we first met them. They are fantastic operators and we are confident they will be able to realize our shared vision for what Infosoft can become.”
As part of the investment, Tom McKelvey, Whitney Bowman and James Jackson from Gauge Capital have joined the Company’s Board of Directors.
About The Infosoft Group, LLC (www.localjobnetwork.com)
Founded in 1996, Infosoft is a market-leading provider of compliance solutions that allow federal contractors to meet the recruiting-related regulations of the OFCCP. Infosoft also offers local job posting solutions to employers nationwide. The Company serves a diverse customer base across the United States and is headquartered in Milwaukee, with additional offices in Minneapolis and Washington, D.C.
About Gauge Capital (www.gaugecapital.com)
Gauge Capital is a private equity firm that partners with owners, managers and equity stakeholders of successful middle market companies to maximize their potential. Gauge Capital focuses on investing in growing services and technology-enabled companies in the business and consumer, healthcare and food sectors. For more information, please contact Andrew Peix, Principal and Director of Business Development at firstname.lastname@example.org.