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Morgan Stanley PE acquires EmployBridge

Morgan Stanley Private Equity has acquired EmployBridge Holding Co, a 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, says: “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, says: “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.

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