Employee Relations Associates Family of companies acquires Talentbridge USA of Charlotte, expands in the Southeast

Employee Relations Associates Family of Companies (ER Associates), affiliate company of Rochester-based ER Select, has acquired TalentBridge USA, a leading human capital solutions company in Charlotte, North Carolina. Effective immediately, TalentBridge joins ER Associates as the company’s service provider in the Southeast, delivering professional staffing, executive search, human resources advisory services, outplacement services, and recruitment process outsourcing (RPO) services.

 This marks the second such transaction that ER Associates has completed in the last three years and will add nearly $40 million annually to the company’s growing revenue base. ER Associates’ annual sales are now in excess of $90 million.

“We’ve worked with the TalentBridge USA team for several years and are delighted to align with such an energized and professional group,” said Thomas C. Ioele, chief executive officer, ER Associates. “This strategic investment allows us to be closer to some of our largest national customers, improves the diversity of our client base, and adds 50+ professional recruiters and 1200 consultants to the company’s growing employee base.”

TalentBridge USA will retain its brand name. The firm will be known as TalentBridge USA, an ER Select company.

“Over the past fifteen years, TalentBridge USA has worked hard to develop an integrated suite of human capital solutions for the greater Charlotte market. As we have enjoyed unprecedented growth during that period, ER Associates has been a valued partner for shared client delivery and collaboration,” said Bradford C. Violette, president, TalentBridge USA. “The opportunity to build on our local capabilities on a broader scale while also offering our team expanded professional avenues for development were at the heart of our interest to expand our partnership with ER Associates. I’m thrilled that one of the more innovative players in the staffing solutions space has decided to help expand our brand.”

Brady Teague and Violette, founding partners of TalentBridge USA in 2002, will remain in leadership positions and have reinvested in the new entity with Violette serving as president of ER Associates’ southeastern region. Together they will be responsible for the oversight and expansion of ER Associates’ footprint in the southern geography.

“As we continue to expand our footprint nationally, TalentBridge USA epitomizes the type of company we seek to bring into the ER Associates family,” added Ioele. “We’re so pleased to work with a company like TalentBridge USA due to their positive reputation in Charlotte, as well as the team’s stellar work for both their clients and candidates.”

Financing for the transaction was provided by Spring Capital Partners, Boathouse Capital, and Access Capital.

About TalentBridge USA
TalentBridge USA is a Charlotte-based Human Capital Solutions Company offering high-level executive search, diversity specific recruiting, professional and project staffing, outplacement, and employee and team development services. Our mission is helping organizations build high-performance cultures…and enabling talented people to put their skills to the best use. For more information, visit www.talentbridgeusa.com

About Employee Relations Family of Companies and ER Select

Employee Relations Associates serves as the corporate holding company for ER Select, TalentBridge USA, and Career Partners International (CPI). With headquarters in Rochester, New York, and an office in Des Moines, Iowa, ER Select provides comprehensive services such as executive and professional search, career transition support, temporary and contract staffing, legal recruitment, leadership development, and human resources consulting. More information about ER Select is available at www.er-select.com, or by calling 1-800-390-4098.

Employee Relations Associates provides financial, accounting, legal and related services to ER Select and TalentBridge. Employee Relations Associates Family of Companies count among its existing clients a wide range of local, regional, national, and multinational firms in mortgage banking, financial services, legal, healthcare, and related fields.

Green Cloud Technologies Acquires Cloud Services Provider Cirrity

Acquisition Boosts Green Cloud’s Capacity and Enhances Security and Compliance for the Cisco-Powered Cloud Provider

Green Cloud Technologies (“Green Cloud”), a 100% channel only, Cisco-Powered cloud provider, has closed on the acquisition of Atlanta-based Cirrity, a channel-only cloud solutions provider. Debt and equity financing was provided by Green Cloud’s existing investors, and the transaction is immediately accretive for the Greenville, SC-based company, giving their entire partner network more capacity, security and redundancy for cloud solutions. Continue reading

DataMentors Acquires V12 Group to Form Omnichannel Data Powerhouse

Company Will Rebrand Under the Name V12 Data

DataMentors, LLC (www.datamentors.com), a leading Data-as-a-Service company, today announced the acquisition of premium marketing data provider V12 Group (www.v12groupinc.com). The combined company, which will rebrand under the name of V12 Data, combines the strengths of two of the most respected names in the data industry to deliver integrated omnichannel data products and services.

The new V12 Data is led by DataMentors’ CEO Anders Ekman. DataMentors, long a leader in marketing technology, acquired marketing data provider Relevate Group in 2015. The V12 Group acquisition is another important milestone in the company’s journey to become the preeminent marketing data company. Headquartered in Red Bank, NJ, V12 Group has proven itself to be a force in omnichannel data, highlighted by its digital data business. V12 Group has also created an industry-recognized data access platform which will make the delivery of the combined company’s data products faster and easier than ever before.

According to Ekman, “V12 Group has established a market-leading position in providing brands with rich data sets including consumer and digital data powered by a strong technology platform.  This acquisition is a great opportunity to combine V12 Group’s assets with DataMentors’ powerful data products such as Relevate Auto, Telematch, and our first party data management business.”

V12 Group’s founder Paul Chachko states, “The combination of these assets presents all existing and potential clients with one of the most accurate and broadest data sets available. I’m proud of what we built at V12 Group and look forward to following the company’s success.”

V12 Data’s omnichannel products have breadth and depth and  include 210 million consumer contacts with full postal address, 180 million VINs, 208 million consumer emails, 150 million connected consumers across 1,500 audience segments, 240+ million device IDs and the ability to identify customers and prospects and unify addressable identities across all devices and channels.

Financial partners to the company in this transaction include original DataMentors investor Brook Venture Partners of Wakefield, MA; current DataMentors investors Bay Capital Investment Partners of Providence, RI and Spring Capital Partners of Baltimore, MD; and new investor AB Private Credit Investors of Austin, TX.

ABRY Partners of Boston, MA, a current V12 Group investor, has joined the investor group in V12 Data.  John Hunt, Managing Partner of ABRY and new Board Member of V12 Data, said of the transaction, “We’re excited to be involved in the evolution of the V12 Group to V12 Data, and are confident in the game-changing potential of the company”.

“Data has become the fuel that drives competitive advantage for today’s marketers. The integration of unparalleled data products and synergies between DataMentors and V12 Group create an end-to-end player that is truly unique in today’s market,” said Ned Williams, Chairman of the Board and partner at Brook Venture.  “We are delighted to help the company on its mission and welcome ABRY and AB to the investor group”.

Jordan Edmiston Group (www.jegi.com), a prominent, independent investment bank for the global media, information, marketing, software and tech-enabled services sectors, headquartered in New York, NY, was the advisor for this transaction.

Spring Capital Partners makes Investment in Rita’s

Spring Capital Partners III, L.P. (www.springcap.com) invested $5.5 million of subordinated debt with a warrant in Rita’s Franchise Company (“Rita’s” or “the Company”), a portfolio company of Falconhead Capital, LLC. The proceeds were used to refinance existing debt and to fund Rita’s growth plans over the next 5 years. Spring Capital made its investment in conjunction with senior financing provided by SunTrust Bank, Inc.

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Spring Capital Partners makes Investment in Ingo

Spring Capital Partners III, L.P. committed $7.0 million of subordinated debt with warrants to Ingo Money, Inc. (“Ingo Money” or “the Company”). The Company will use the proceeds to fund the growth of the recently launched Good Funds Network, a mobile platform that enables customers to convert checks of all kinds into immediate, irreversible digital funds which can be dispensed or transferred virtually anywhere. Spring Capital made its investment in conjunction with follow-on equity from existing investors, including Camden Partners.

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Spring Capital Partners makes Investment in HomeCentris Healthcare

Spring Capital Partners III, L.P. made a $2.375 million subordinated debt and preferred equity investment in HomeCentris Healthcare, LLC (“HomeCentris”), an entity created to acquire Personal Home Care, Inc., Maryland Home Health, LLC, and Community Health Center, LLC. The proceeds were used to facilitate the acquisitions in conjunction with equity invested by Matt Auman and Tim Trybus, two seasoned healthcare executives who have assumed the roles of CEO and CFO, respectively. Interprise Partners sponsored the transaction while the Sellers rolled significant equity and remain involved in the businesses.

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Dermatology Associates Expands to Kansas City Area

Dermatology Associates, a Candescent Partners company and a leader in dermatology care, announced that Dermatology & Skin Cancer Center (DSCC) has joined the company.

The combined organization and its 25 physicians will now provide dermatology services via 14 locations in Texas, Kansas and Missouri, handling nearly 150,000 patient visits this year.

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