March 31, 2017
MSouth Closes the Recapitalization of The Intersect Group
Atlanta, GA (March 31, 2017) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with management and the prior owner, MSouth completed the recapitalization of The Intersect Group.
Intersect, based in Atlanta, GA, is a leading provider of professional staffing services within the Information Technology and Finance & Accounting verticals. Founded in 2006, the Company operates offices in Atlanta, Dallas, and Charlotte. Intersect has been recognized by the Atlanta Journal Constitution as one of the “Top Work Places” in Atlanta. It has also been awarded in multiple years by Inc. Magazine’s 500/5000 List of the Fastest Growing Private Companies in the U.S.
“We are very enthusiastic about our investment in The Intersect Group,” said Mike Long, an MSouth Partner. “We have followed the Company’s success over the last 10 years and believe there are significant growth opportunities in front of the Company. We are excited to partner with the Intersect team to execute on these initiatives.”
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $150 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of companies in sectors where the firm has significant investment, management and transactional experience. MSouth invests with the objective of increasing operating cash flow through growth initiatives and active ownership. A key element of MSouth's investment strategy is partnering with proven management teams to create value. Founded in 2007, MSouth manages $1.3 billion with three active funds. MSouth is the successor to Cravey, Green & Wahlen, which was formed in 1984.