The Planet Group, a portfolio company of MidOcean Partners, has agreed to acquire Waltham, Massachusetts-based WinterWyman, a staffing provider specializing in technology, finance, administration and human resources. No financial terms were disclosed. Bowstring LLC advised WinterWyman on the transaction.
CHICAGO (PRWEB) NOVEMBER 18, 2019
The Planet Group (“Planet”), a portfolio company of MidOcean Partners and leading provider of outsourced human capital and consulting solutions, announced today that it has entered into an agreement to acquire WinterWyman, a leading staffing provider specializing in Technology, Finance & Admin and Human Resources. Michael Stomberg, CEO of Planet, said that this acquisition aligns with Planet’s strategic initiative to provide a full suite of consulting and strategic resourcing solutions to our global client base.
Established in 1972, WinterWyman is a premier provider of contract staffing services and is among the best-known talent acquisition firms in the Northeastern U.S. Over the years, WinterWyman has developed an excellent reputation for client and candidate satisfaction fostered by a tenured team recruiting high-impact talent in several key functional areas.
WinterWyman will continue to be led by current CEO Scott Ragusa, a staffing industry veteran and recognized leader who has been with the company since 1999. Ragusa commented, “We’re proud of all we have accomplished at WinterWyman during our 47-year history and excited about our future with The Planet Group. We look forward to continued growth and success as part of this prestigious organization.”
“This is a landmark deal for Planet as we continue to follow our expansion strategy,” said Stomberg. “WinterWyman’s current service offerings complement Planet’s existing workforce solutions and the addition provides significant cross-selling opportunities.” The combination of these two businesses further strengthens Planet’s rapidly growing position in the industry as a provider of choice offering a comprehensive suite of professional staffing and consulting services.
MidOcean Partners, a premier middle market private equity firm, made a significant investment in Planet in January 2018 to escalate the company’s strategic initiatives and drive continued growth. Planet will look to continue accelerating its expansion through future M&A activity.
Bowstring, LLC acted as the exclusive advisor to WinterWyman.
About The Planet Group
The Planet Group is a diversified professional services organization focused on providing high-value outsourced human capital solutions and niche consulting services to Fortune 500 and other leading clients in the fastest growing and most in-demand sectors. The Planet Group consists of seven related entities and has been purposefully built to address the professional services needs of leading companies in the life sciences, diversified energy & engineering, healthcare and digital marketing industries. The Company was founded in 2009 and is headquartered in Chicago, Illinois. For more information, please visit The Planet Group’s website (https://theplanetgroup.com/)
WinterWyman is one of the Northeast’s most recognized talent acquisition firms providing contract staffing, temp-to-perm and contingency search services in the areas of Accounting & Finance, Human Resources, Administrative and Technology. Headquartered in Waltham, Massachusetts. WinterWyman helps leading organizations – from Fortune 500 powerhouses to emerging businesses – identify, attract and recruit talented professionals. For more information, please visit WinterWyman’s website (https://www.winterwyman.com/).