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NelsonHall Report
Mergers and Acquisitions
published on Dec 08, 2015
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Report Overview:
Report Outline:
Impellam has acquired Bartech Holding Corporation and subsidiary Bartech Group, a global workforce management and staffing solutions provider, for $120 million in cash and debt. The transaction closed December 9.
Founded in 1977 as a supplier of technical staffing services to the automotive industry, Bartech manages or employs more than 30,000 people daily and manages over $3 billion of spend for clients. Bartech has been majority-owned by Sverica Capital Management LLC, a private equity firm, since March 2012. Bartech is headquartered in Southfield, Michigan.
Bartech's CEO, David Barfield, will join the Impellam Group, becoming CEO of Impellam's North American businesses. Mike Bixler, Impellam's current North America Managing Director for Specialist Staffing, will become Managing Director for the enlarged Specialist Staffing business, reporting to David Barfield.
The enlarged customer base will provide cross selling opportunities for Impellam's North American business and Impellam’s position in the UK will support Bartech's European growth.