Six Pillars Partners has recapitalized The Liberty Group, a provider of temporary staffing and executive search services for multifamily customers. Merit Capital Partners also participated in the transaction. No financial terms were disclosed. Capital Alliance advised Liberty on the recap.
DALLAS, July 28, 2021 /PRNewswire/ — Oaklins Member Firm Capital Alliance recently advised The Liberty Group (Liberty) and Liberty founder Ken Bohan in the successful recapitalization of the Houston-based multifamily-focused staffing firm.
Six Pillars Partners, a Dallas private equity firm specializing in high-growth B2B services, led the transaction. Chicago-based Merit Capital Partners, a private equity group that has raised over $2.2 billion from institutional investors and has a preference for established companies on course for sustained growth, partnered on the transaction.
Founded in 1977, Liberty provides temporary staffing and executive search services for multifamily customers. Liberty provides people for onsite property management, marketing, leasing, maintenance, accounting, information technology and other roles.
Liberty operates nationwide. Its temporary staffing arm, Liberty Temporaries, has 28 offices serving more than 5,000 properties a year in 35 states. Its search division, Liberty Executive Search, focuses on placing executives in multifamily corporate roles such as asset management, development, construction, and finance.
“Liberty specializes in the fast-growth multifamily space, where they are a dominant player,” said Brad Buttermore, Capital Alliance managing partner. “Capital Alliance and Liberty worked creatively and diligently through the coronavirus pandemic to realize a strong valuation.”
Bohan, formerly president and CEO of Liberty, will serve as chairman of the board of the recapitalized company. “We have now enhanced the financial, operational and strategic resources to guide Liberty as it grows alongside its customers to serve their human capital needs,” Bohan said.
About Oaklins Member Firm Capital Alliance (www.cadallas.com)
Based in Dallas, Capital Alliance Corp. is a global mid-market investment banking firm, providing consulting services for mergers and acquisitions principally to founder-led companies. The company represents clients in selected markets, including human capital management, energy infrastructure and assets, information technology infrastructure, construction and engineering, and food production. Since its founding in 1976, the privately held firm has completed more than 230 transactions with an aggregate transaction value exceeding $3 billion. For three decades, Capital Alliance has been a member firm of Oaklins International, formerly M&A International, a membership organization of investment banking firms operating in the major economies of the world.