Gridiron Capital Announces Sale of Motion Recruitment Partners
NEW CANAAN, CT, April 30, 2018 – Gridiron Capital, LLC (“Gridiron Capital”), a private investment firm, is pleased to announce the sale of Motion Recruitment Partners LLC (“MRP” or the “Company”), a leading provider of global recruitment solutions. Headquartered in Boston, with services spanning 47 countries, Motion Recruitment is a leader in the talent acquisition industry. The company provides specialized IT staffing through its Jobspring Partners and Workbridge Associates businesses and offers global recruitment outsourcing services through its Sevenstep business for a broad range of industries in need of both permanent and contract labor.
Gridiron Capital originally invested in MRP in 2013 and partnered with the Company to accelerate growth across all segments of the business. Through this partnership, MRP achieved impressive market expansion globally via add-on acquisition work and new location openings as well as significant strategic expansion of the Company’s suite of talent solutions in both the Tech Contractor Staffing and RPO business lines.
Gridiron Capital Co-Founder and Managing Partner Tom Burger said, “We have enjoyed a great five years with the MRP team and, through their hard work, have hit the growth and business goals laid out at the start of our partnership. The business has performed well for all stakeholders and is positioned to continue its growth trajectory as an industry-leading provider of global recruitment solutions.”
Beth Gilfeather, CEO of MRP, remarked that, “Gridiron’s support enabled us to take a dramatic step forward in our strategic evolution as a business. MRP benefitted from Gridiron’s operational direction, relationships, and financial backing. We are a stronger company today as a result of this partnership.”
Will Hausberg, Managing Director of Gridiron Capital and board member of MRP added, “We are fortunate to have worked with such a strong and capable team at MRP and are proud of the success they have achieved. We have really enjoyed working with this team and building a strong partnership, and we look forward to rooting on their continued success.”
MRP was advised by Robert W. Baird, Houlihan Lokey, and Finn Dixon & Herling LLP.