NEW YORK,
Feb. 12,
2024 /PRNewswire/ -- Tandym Group ("Tandym"), a
national consulting, recruitment, and workforce solutions company,
announced today that it has acquired Kolter Solutions ("Kolter"), a
technology staffing company. Terms of the transaction were not
disclosed. Tandym is backed by Mill Rock Capital, a growth and
operations-oriented private investment firm that invests in
well-positioned businesses in North
America, and ICG, a global alternative asset manager.
Based in Maitland,
Florida, Kolter is a recruiting and staff augmentation firm
specializing in Healthcare IT with an additional focus on
professional IT, engineering and digital/creative placements. The
expertise, relationships, and goodwill that Kolter has developed
over its 14 years of operation will strengthen Tandym's existing
presence in the Florida market as
well as its focus on Healthcare IT.
Byrne Mulrooney,
CEO of Tandym, commented, "Today is an exciting day for Tandym. Our
acquisition of Kolter Solutions is not just a strategic move
for us—it's a commitment to unlocking a wealth of talent and
expertise that will drive better outcomes for all, including our
existing clients in Florida and
neighboring states. Having access to an even deeper pool of
qualified talent in this region will allow us to further support
our clients across their diverse requirements. We enthusiastically
welcome the Kolter team to Tandym."
Roger Whiteman,
President of Kolter Solutions, said, "We are thrilled to be part of
the growing Tandym family. As we continue to provide personalized
concierge service to our consultants, we can now offer new
opportunities and resources across the entire country, leveraging
Tandym's expansive platform. Tandym's leadership shares the same
principles, values, and philosophy that are the cornerstones of who
we are."
"Kolter is a highly strategic transaction and is
Tandym's fourth acquisition in the last two years, demonstrating
the company's commitment to continued growth," stated Chris Whalen and Adi Pekmezovic, Tandym Board
Members and Co-Founders of Mill Rock Capital.
Akin Gump Strauss Hauer & Feld LLP served as
legal advisor to Tandym.
About Tandym Group
Tandym is a leading consulting, recruitment, and
workforce solutions company with offices throughout the U.S. Named
one of Inc. Magazine's fastest growing companies, the company
serves clients across a broad range of verticals, including
healthcare, technology and professional services (which includes
accounting, financial services, HR/people & operations, and
legal). For more information, please
visit tandymgroup.com.
About Kolter Solutions
Kolter Solutions provides contract,
contract-to-hire, and direct-hire recruiting services to clients in
Central Florida and surrounding
markets. Kolter Solutions was founded in 2010 by Roger Whiteman. In its 14 years of operation,
Kolter Solutions has focused primarily on high-quality personal
service to candidates and clients.
About Mill Rock Capital
Mill Rock Capital is a growth and
operations-oriented private investment firm that invests in
well-positioned middle market industrial and business services
businesses in North America.
Founded by Christopher Whalen and Adi Pekmezovic, Mill Rock
Capital is purpose-built to invest in family-owned businesses,
owner-operators and founder-led companies across six industry
verticals. Focus sectors include chemicals, materials, and
packaging; industrial distribution; services; metals and engineered
materials; transportation and logistics; and specialty
manufacturing and industrial technology. This strategy leverages
the deep expertise of the firm's principals, a majority of whom
have direct operating experience in these same industries. Mill
Rock Capital supports business transformation through
a dual-sourcing strategy encompassing majority equity
and Activ Capital® – debt, senior equity or hybrid
investments which provide business owners value-added financial
partnership without relinquishing a controlling stake. For more
information, please visit millrockcap.com.
About ICG
ICG provides flexible capital solutions to help
companies develop and grow. The company is a leading global
alternative asset manager with over 30 years' history, managing
$86.3bn of assets* and investing
across the capital structure. ICG operates across four asset
classes: Structured and Private Equity, Private Debt, Real Assets,
and Credit. ICG develops long-term relationships with its business
partners to deliver value for shareholders, clients and employees,
and uses its position of influence to benefit the environment and
society. ICG is committed to being a net zero asset manager across
its operations and relevant investments by 2040. ICG is a member of
the FTSE 100 and listed on the London Stock Exchange (ticker
symbol: ICP). Further details are available at www.icgam.com.
You can follow ICG on LinkedIn, X
(Twitter) and Instagram.
*as at 31 December
2023.
MEDIA CONTACTS:
Lauren Sobin,
Tandym Group
212-204-5105
Lauren.Sobin@tandymgroup.com
Joanne Lessner,
Lambert
212-222-7436
jlessner@lambert.com
Caroline Luz,
Lambert
203-570-6462
cluz@lambert.com
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SOURCE Tandym Group