New Heritage recaps DeWinter Group

New Heritage Capital has recapitalized San Francisco Bay Area-based DeWinter Group, a provider of human capital solutions.

New Heritage Capital has recapitalized San Francisco Bay Area-based DeWinter Group, a provider of human capital solutions. No financial terms were disclosed. Citizens M&A Advisory was financial advisor to DeWinter on the deal.

PRESS RELEASE

PROVIDENCE, RI – Citizens M&A Advisory served as the exclusive financial advisor to DeWinter Group, a leading provider of human capital solutions in the San Francisco Bay Area, on its recapitalization by New Heritage Capital, a Boston-based private equity firm.

Founded in 2000, DeWinter is one of the Bay Area’s most recognized talent acquisition brands, providing temporary and permanent staffing solutions across the accounting, finance and information technology disciplines.

Shane Oberg, CEO of DeWinter, said: “Citizens delivered an exceptional outcome for the DeWinter Group. Their extensive knowledge of the human capital industry and commitment to identifying the right partner for DeWinter was invaluable.”

Derek DeWinter, founding partner and president, added: “We are delighted to have selected Citizens to navigate our transaction. Alan Bugler and team worked tirelessly to understand and communicate our culture, vision and growth story.”

Alan Bugler, managing director with Citizens, said: “The DeWinter Group has built an impressive company with a reputation for excellence in the Bay Area. We believe the company is well-positioned to expand its market leadership through its partnership with New Heritage Capital, and we are excited to follow their continued success.”

Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 130 transactions in the last five years and has more than 80 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).