Hamilton Robinson recaps WorkforceQA

Hamilton Robinson Capital Partners has recapitalized WorkforceQA, a Salt Lake City-based provider of employee compliance solutions to safety-sensitive and regulated industries.

Hamilton Robinson Capital Partners has recapitalized WorkforceQA, a Salt Lake City-based provider of employee compliance solutions to safety-sensitive and regulated industries. No financial terms were disclosed. Citizens M&A Advisory was financial advisor to WorkforceQA on the deal.

PRESS RELEASE

PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to WorkforceQA, LLC on its recapitalization by Hamilton Robinson Capital Partners.

Headquartered in Salt Lake City, Utah, WorkforceQA is a leading tech-enabled provider of employee compliance solutions to safety-sensitive and regulated industries. The company serves many of the largest trucking, airline, logistics and rail companies in the United States, providing a suite of critical solutions, including drug and alcohol testing, physical examinations, background screening, training and compliance programs.

Eric Quilter, chief executive officer and co-founder of WorkforceQA, said: “We are delighted to have selected Citizens to lead us through our transaction. They designed a competitive, high-touch process which ultimately delivered our ability to choose the best partner for our next stage of growth. We thoroughly enjoyed working with the Citizens team.”

Alan Bugler, managing director at Citizens M&A Advisory, said: “The WorkforceQA team has built an impressive platform with a reputation for technical sophistication and regulatory expertise. We believe the company is well-positioned to expand its market leadership through its partnership with Hamilton Robinson, and we are excited to follow their continued success.”

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 175 transactions in the last five years and has more than 70 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities.