November 22, 2021
MSouth Announces Successful Exit of Hire Dynamics
Atlanta, GA (November 22, 2021) – MSouth Equity Partners, a private equity firm based in Atlanta and Nashville, announced the sale of Hire Dynamics to EmployBridge, backed by Apollo Global Management. Hire Dynamics, also based in Atlanta, is an industry leading commercial staffing provider specializing in manufacturing facilities, logistics/e-commerce operations, contact (call) centers, and office support.
“We are very pleased with the result of our investment in Hire Dynamics,” said Peter Pettit, an MSouth Partner. “Billy Milam, Jon Neff and the entire team were critical to the value creation we experienced during our investment and in growing Hire Dynamics to become one of the largest commercial staffing providers in the South. We were fortunate to partner with such an outstanding management team, and we look forward to watching their continued success as they merge with the EmployBridge team.”
“Hire Dynamics’ ability to remain an employer of choice with industry leading Net Promoter Scores (NPS) from clients and talent on assignment speaks to the quality of the team,” added Dan Campbell, an MSouth Partner and Co-Founder of Hire Dynamics.
The combined company will be led by Billy Milam, former CEO of Hire Dynamics. "We are very excited to bring together industry leaders EmployBridge and Hire Dynamics as one team," said Mr. Milam. "This partnership unlocks incredible potential for expanded services to meet the increasing needs of our clients and will create new and exciting opportunities for our people. It is a privilege to lead the combined team as we grow in this next phase."
Citizens Bank M&A Advisory served as financial advisor to Hire Dynamics. DLA Piper served as legal counsel for MSouth.
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 $250 million. Based in Atlanta and Nashville, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare services, and telecommunications/media companies. With more than $2.2 billion of capital raised across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.