Morgan Stanley Private Equity announced today that it has acquired EmployBridge Holding Co. (“EmployBridge” or the “Company”), a leading provider of outsourced human resource and specialty-branded temporary staffing services in the United States. Morgan Stanley Private Equity partnered with the current management team who will remain in place and hold a significant minority stake in the Company.
EmployBridge operates primarily under the ResourceMFG, ProLogistix and ProDrivers brands, providing skilled personnel to three specific industry verticals: specialty manufacturing, warehousing/logistics and transportation. Headquartered in Atlanta, EmployBridge operates in 30 states through 146 branch and on-site locations.
Aaron Sack, Managing Director of Morgan Stanley Private Equity, said, “EmployBridge stands out in the staffing industry due to its focus on manufacturing, logistics and transportation. We have been very impressed with their strong brands and differentiated capabilities, as well as their ability to consistently attract and place better-qualified personnel tailored to the needs of their customers.” Jim Howland, Managing Director of Morgan Stanley Private Equity, added, “We are delighted to partner with such a strong management team with industry-leading financial results and look forward to further strengthening EmployBridge’s industry-leading capabilities.”
Tom Bickes, Chief Executive Officer of EmployBridge, said, “We are proud of the accomplishments of the entire EmployBridge team and are thrilled to partner with Morgan Stanley as we continue our strong organic growth and dedication to service excellence. We expect this partnership to help us take advantage of significant market opportunities.”
This transaction represents the ninth investment for Morgan Stanley Capital Partners V, the most recent fund raised by Morgan Stanley Private Equity. Earlier investments include McKechnie Aerospace, Tops Markets, Learning Care Group, Breitenfeld, Triana Energy, Trinity CO2, Zenith Provecta and ReachOut Healthcare America.
EmployBridge Holding Company, headquartered in Atlanta, is a leading provider of specialty staffing services with 146 branches/on-sites in 30 states. The Company provides specialty staffing services to three primary industry verticals: logistics, manufacturing and transportation. Within its target industries, EmployBridge has developed service models that enable it to attract and place qualified personnel through the development of defined recruiting, testing, placement and sales processes that are tailored to meet the needs of its target industries. For further information about EmployBridge, please visit www.employbridge.net.
About Morgan Stanley Private Equity
Morgan Stanley Private Equity, part of Morgan Stanley Investment Management, makes private equity and equity-related investments on a global basis. Morgan Stanley Private Equity utilizes Morgan Stanley's vast resources, including its global franchise and relationships with leading corporate management teams and financial sponsors, to source attractive opportunities for its investment funds. Morgan Stanley's roots in private equity investing date back to 1985 with the Morgan Stanley Capital Partners private equity funds. To date, Morgan Stanley Private Equity and its funds have invested approximately $7.9 billion of equity across a broad spectrum of industries. For further information about Morgan Stanley Private Equity, please visit www.morganstanley.com/privateequity.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
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