Main Street Capital Corp has recapitalized HW Staffing Solutions, a Massachusetts-based personnel services provider. No financial terms were disclosed. Capstone Partners LLC advised HW Staffing on the transaction.
Boston, MA – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised HW Staffing Solutions in its recapitalization by Main Street Capital Corporation. Main Street’s growth equity investment will fund future acquisitions and expansion into new geographies.
Founded in 1980, HW Staffing Solutions is a leading provider of temporary, permanent and related staffing services for businesses with administrative, industrial and logistics workforce needs. The Company is headquartered in Easton, MA with 22 locations throughout New England, Kentucky, Tennessee, North Carolina, and Texas. “HW has been experiencing tremendous growth and it was time for us to secure an equity partner to help us more aggressively attack the market opportunity. We plan to extend our growing footprint by acquiring companies in new markets and organically expanding into underserved geographies. With Main Street’s support and expertise, we will able to take HW to the next level in a more rapid manner,” said Ed Walsh, President of HW Temps.
Main Street is a principal investment firm that provides long-term debt and equity capital to middle market companies. Main Street’s portfolio investments support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.
John Ferrara, Capstone Partners Founder & President, commented, “I have known and been working with HW for many years and have seen the company grow up well ahead of the pace of its peers. The company secured the right partner, at the right time, with the optimal arsenal to quickly become a major force on the staffing landscape. I am very happy for Ed Walsh, whom has driven this company hard. He earned this opportunity and he did it right.”
About Capstone Partners LLC
Capstone Partners LLC is a premier investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. The firm provides corporate sale & divestiture, merger & acquisition, private placement, corporate restructuring, valuation and financial advisory services. Capstone maintains various industry specialties including Business Services, Consumer Products, Education & Training, Government Services, Health & Medical, Manufacturing & Industrial and Technology & Telecom. Headquartered in Boston, Capstone has offices in Chicago, London, Los Angeles, Philadelphia, San Diego, Silicon Valley and Tampa with an international presence that spans 450+ professionals in close to 40 countries. For more information, please visit www.capstonellc.com.