Great Range Capital has led a group of investors that include The Bradley Family Office in acquiring Olathe, Kansas-based Labor Source, a professional staffing company. No financial terms were disclosed.
MISSION WOODS, KAN. (PRWEB) DECEMBER 04, 2017
Great Range Capital today announced it recently led a team of investors, including company management and The Bradley Family Office (Berks Group) in acquiring Labor Source, a professional staffing company, headquartered in Olathe, Kansas. Labor Source is the parent company of One Source Staffing and Labor and CATSTAFF, which specialize in providing restoration and light industrial laborers throughout the U.S. Brandon Sutherland, Labor Source’s founder, retains significant ownership in the company and is a key member of the senior management team. Mike Pitman, formerly of Allegis Group, has been named Labor Source’s new chief executive officer.
Sutherland states, “I was searching for partners who share our Midwestern work ethic and have a proven track record of helping businesses grow. Great Range Capital, the Bradley Family, and Mike Pitman fulfill those requirements and will help Labor Source reach the next level.”
“Labor Source, a national leader in both the restoration and light industrial staffing markets, is well-known for its dedicated employees and for exceeding customers’ expectations. We are excited to partner with the Company in its next phase of growth,” says Ryan Sprott, managing partner, Great Range Capital.
About Great Range Capital
Great Range Capital, a private equity firm based in greater Kansas City, primarily targets controlling equity investments in Midwestern companies with revenues ranging from $20 to $150 million. Learn more about Great Range Capital at http://www.greatrangecapital.com. Learn more about One Source Labor and Staffing at http://www.onesourcelabor.com and CATSTAFF at http://www.cat-staff.com.