Archway provided a revolving line of credit to support the acquisition of, and the growth and operations of, Entegee, a U.S.-based engineering talent business. Red Dog Equity, an Atlanta-based private equity firm, acquired Entegee from Akkodis, part of the Adecco Group, in partnership with Entegee’s CEO Kevin McLeod and Bob Crouch, former CEO of Adecco Group.
The facility was structured to address the unique capital needs of a specialized technical staffing business operating independently. Archway developed an innovative capital structure that provided Entegee with the agility and flexibility required to fund ongoing payroll obligations and working capital demands where traditional lenders often struggle.
“Archway brought creativity and precision to the process in a way that larger, more rigid lenders simply couldn’t match,” Toby Chambers, a managing director and co-founder of Red Dog Equity, said.
Kevin McLeod, CEO of Entegee, added, “Archway understood our situation and designed a structure that works for a business like Entegee. This facility gives us the working capital flexibility to serve our clients and employees with the speed and responsiveness that defines Entegee.”
“Entegee is exactly the kind of company Archway was built to serve,” said Andy McGhee, founder and CEO of Archway, said, “When a strong business faces structural complexity whether from its corporate parentage, its operating model or its industry, that’s where we thrive. We don’t start with a template; we start with the business. Our team engineered a solution that unlocked the capital Entegee needed to keep moving forward. That’s what it means to be a true partner.”
