BG Staffing, a national provider of professional temporary staffing services, completed the acquisition of substantially all of the assets of privately held Zycron for a combination of $19 million cash, $1 million of common stock and certain earn out provisions.

Texas Capital Bank, as the lead agent, provided financing for the acquisition through a new revolver and term loan credit facility.

Since 1991, Zycron has been a regional provider of IT temporary staffing talent to companies throughout the Southeastern U.S. region and selected markets across the country both with Fortune 500 companies and governmental entities. Zycron had revenues of approximately $38.3 million for the year ended December 31, 2016.

L. Allen Baker, Jr., president and CEO, commented, “The completion of the Zycron acquisition in the professional segment fits perfectly into our growth and expansion plans. This most recent acquisition is accretive to value and allows us to enhance the cash flow we are building for our shareholders. With the addition of Zycron offices in Nashville, Memphis and Chattanooga, BG now has operations in 56 offices and 25 states.”