New Canaan, CT, January 24, 2017 — Gridiron Capital, LLC (“Gridiron Capital”), a private investment firm, is pleased to announce the acquisition of healthcare staffing agency Trinity Healthcare Staffing Group and Trinity’s facility-focused brand Simpli Fi Managed Services (collectively, “Trinity”), by Travel Nurse Across America (“TNAA” or “the Company”).
Founded in 1999 by travel nurse Matt Floyd, Trinity is a healthcare staffing agency focused on placing travel nurses on assignments in all 50 states as well as the U.S. Virgin Islands and Puerto Rico. Trinity’s Simpli Fi Managed Services division provides contingent healthcare workforce services to hospitals across the country.
“It’s our mission to raise the bar on how the entire travel nursing industry services both nurses and client facilities,” said TNAA CEO Gene Scott. “The cultures of both companies align so well with each other, it’s clear that our combined efforts will deliver this increased value.”
TNAA and Trinity are two of the fastest-growing travel nurse staffing agencies in the industry and are guided by an emphasis on placing talented caregivers in jobs they love through an honest and transparent process with unmatched customer service. The combination of TNAA and Trinity will allow TNAA to supply travel nurses with a wider variety of travel assignments and, in turn, provide client facilities with a larger pool of highly qualified travel nurses. “By combining two companies that have already established formidable teams and resources, we can improve the services we provide to our existing travelers and clients, and become a better option for those who are seeking a new agency partner,” added Trinity Founder and CEO Matt Floyd.
Tom Burger, Managing Partner of Gridiron Capital, stated, “Trinity has an outstanding industry reputation and we are thrilled to have Matt and the entire Trinity team partner with TNAA and continue building on their success.” Will Hausberg, Managing Director at Gridiron Capital added “In addition to benefits from scale, Trinity and TNAA’s complementary geographic footprints will allow the Company to more deeply reach regions of the United States experiencing significant nurse shortages.”
According to a 2015 independent survey of healthcare staffing agencies conducted by Staffing Industry Analysts, Travel Nurse across America was named number 11 of the largest U.S. travel nurse staffing firms; Trinity was listed as number 17. This acquisition will catapult TNAA to the top 5 of the largest travel nurse staffing firms.
CHILDS Advisory Partners served as Trinity Healthcare Staffing Group’s exclusive financial advisor.
About Travel Nurse across America:
Travel Nurse across America places travel nurse professionals on multi-week assignments in healthcare facilities in all 50 states. TNAA was awarded the HCSS Certification with Distinction by The Joint Commission and is a founding member of the National Association of Travel Healthcare Organizations (NATHO). TNAA has also been recognized by the local business community with the following honors: Arkansas Business of the Year Awards Finalist, 2016, Arkansas’ Best Places to Work, 2016, Arkansas’ Best Places to Work, 2015, Arkansas’ Best Places to Work, 2014, and Arkansas Business of the Year Award Winner, 2014. For more information, visit www.nurse.tv.
About Trinity Healthcare Staffing Group:
Trinity Healthcare Staffing Group was founded in 1999 by travel nurse Matt Floyd who wanted to connect the best professional traveling nurses with an agency focused on reliability and honesty, things too often missing in an industry known for high turnover and fluctuating standards. Trinity’s dedicated nurses, therapists, physicians and other healthcare professionals provide full-service, reliable healthcare staffing in all 50 states, as well as the U.S. Virgin Islands and Puerto Rico. In addition, Trinity provides contingent workforce management services to hospital clients through Simpli Fi Managed Services. Trinity has been listed on the Inc. 5000 Fastest Growing Private Companies six times.
About Gridiron Capital:
Gridiron Capital, LLC, headquartered in New Canaan, CT, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. Gridiron Capital’s principals work closely with management teams to develop strategies for portfolio companies, and to provide resources to execute business plans and build industry-leading companies. Additional information is available on the firm’s website at www.gridironcapital.com.
Thomas A. Burger, Jr., Managing Partner, Gridiron Capital, LLC