William Blair acted as the exclusive financial advisor to Geometric Results (GRI), a portfolio company of Bain Capital Private Equity, in connection with its pending sale to PRO Unlimited (PRO), a portfolio company of EQT Partners and Harvest Partners. The transaction was announced on March 28, 2022 and is expected to close in the second quarter of 2022.
About the Companies
GRI is a technology-driven managed services platform focused on the provision of temporary workforces and relationships with staffing agencies on behalf of companies utilizing temporary labor. The company’s key services include staffing agency selection and management, reporting and tracking, job allocation, and consolidated billing. GRI offers a proprietary Vendor Management Software (VMS) platform to facilitate the management of temporary workforce and also serves clients who use a third-party VMS. The company has two primary divisions, serving large enterprise clients in the U.S. and serving small and medium enterprises and midmarket companies in the U.K.
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. The company’s global team of approximately 250 professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer and retail, financial and business services, industrials, technology, media, and telecommunications.
PRO offers modern workforce management and a partner ecosystem supported by data, software, intelligence and services to meet clients’ flexible workforce needs. PRO’s Integrated Workforce Management platform can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency and expertise to serve as the holistic platform for the modern workforce. Headquartered in Burlingame, California, PRO has helped global brands and organizations achieve operational and financial success for more than 30 years.
EQT is a purpose-driven global investment organization with €73.4 billion in assets under management across 28 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately €29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Founded in 1981, Harvest Partners, LP is an established New York-based private equity investment firm that focuses on investments in middle-market companies in the business services, industrials and industrial services, consumer, healthcare, and software industries. The company’s control strategy leverages its 40 years of experience in financing organic and acquisition-oriented growth.
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