For Immediate Release
CapitalValue facilitates acquisition of Unistaff, Inc by Select Staffing
DENVER (2009) – CapitalValue, an Englewood, Colorado based boutique investment bank, announced the acquisition of Richmond based Unistaff, Inc by Select Staffing, a California based company. CapitalValue served as the exclusive financial advisor to Unistaff, Inc. Terms of the transaction were not disclosed.
Unistaff, Inc. is Virginia’s largest local provider of temporary staffing, temp‐to‐hire, on‐site staffing, direct hire and payroll services for light industrial and clerical services. They are consistently ranked as one of the Top 50 Employers in the Richmond area. The Company’s operations originated in 1980, and now include operations in seven locations throughout Virginia. Select Staffing is part of the Select Family of Staffing Companies, one of the nation’s fastest growing full‐service staffing companies. The company operates as Select Staffing™, Select Staffing™, Remedy® Intelligent Staffing, RemX® Financial Staffing, RemX™ IT Staffing, RemX™ OfficeStaff and other national brands.
The owners of Unistaff, Inc. were looking to transition the business to a strategic party so it could continue to grow, while also facilitating their exit opportunity. Industrial and geographic focus, strong fundamentals, a solid customer base, and a great reputation made Unistaff, Inc. and Select Staffing a great fit.
CapitalValue came in on the heels of a much larger investment bank, which had been trying unsuccessfully for sixteen months to sell the company. Once CapitalValue was brought in, Unistaff, Inc. had four serious offers and closed the deal within a year. “We were extremely happy with the dedication and service the CapitalValue staff provided,” said Unistaff, Inc. owners Helen and Bob Davison. “We were worried that we would not be able to sell the company in the declining economy, but the professionals at CapitalValue used their experience to get the deal done while maintaining value. Their persistence in managing the buyer through due diligence to close allowed us to realize maximum value.”
CapitalValue is a boutique investment bank providing business valuation, financial advisory, mergers and acquisitions, and private capital raising services. Based in Englewood, Colo., the company takes a value‐based approach to mergers and acquisitions, and exit options for privately held businesses. They provide clients with the experience, creativity and integrity needed to successfully execute a transition and offer the highest levels of service to ensure that day‐to‐day business operations continue without interruption. Collectively, managing directors Chris Younger and David Tolson have transactional experience in more than 90 business deals involving companies with revenues from $2 million to $1 billion, with aggregate purchase consideration of $500 million. For more information, visit www.capitalvalue.net, e‐mail info@capitalvalue.net or call (720) 733‐0400.
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Media Contact:
Kristen Alford, CapitalValue
(303) 243-5625
or Chris Younger, CapitalValue
(720) 733-0400 x3