Listing ID : 426176
Posted on January 2, 2024 5
ProNova Partners represents a symbiotic and dual-threat enterprise that focuses on the recruiting, staffing, staff augmentation, and operational consulting needs of a wide variety of end markets with a core vertical / focus in the manufacturing sector. Although there are 2 companies that are marketed separately to clients in the marketplace, they actually feed one another business regularly and are complementary. The combined entity is for sale and is the subject of this transaction.
The executive team and shareholders have a combined level of experience of over 400 years in this industry and are looking to team up with a supportive capital partner (minority or majority) to assist them in scaling or become a platform for an acquisitive private equity group or family office that wants to pursue an aggressive buy-and-build strategy. The Company is already in talks with 5 acquisition candidates as of ‘Q4 2022 with more low hanging fruit available to it with the right partner to assist them in deal execution.
The Company has a nationwide client base, with nearly 100% of the work being in the United States, and serviced with United States employees and 1099 contractors. Total team all-in inclusive of all W2 and 1099 folks in the field surpasses 350. Most of the Company’s placements fall in the manufacturing sector, which can run the gamut of assembly line operators all the way to C-suite, but they are active in other verticals as well. Vertical expansion within manufacturing (outside of their core focus which is automotive, trucking, and related mobility fields) is a significant long term growth opportunity. The Company seeks a buyer that will also aid and promote horizontal expansion to other verticals which should be key growth drivers for the Company post-closing & looking forward to 2023 and beyond. Tremendous opportunities abound so long as the right partner is identified so the Company can take advantage of all of the runways available to it.
NDA is required to secure comprehensive Executive Summary crafted by ProNova Partners.
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