Citizens provided incremental financing to San Francisco-based PRO Unlimited Global Solutions, which is currently owned by EQT Partners.

Established in 1991, PRO Unlimited is a provider of end-to-end contingent workforce management solutions to a broad range of global clients and has been a Citizens client for more than 10 years.

Citizens led a $635 million increase to PRO Unlimited’s existing $1.16 billion of asset-based senior credit facilities to support the company’s acquisition of Geometric Results, a subsidiary of MSX International, from funds managed by Bain Capital. GRI is a managed service provider of contingent workforce management solutions to 150-plus clients in more than 20 countries.

The final $1.8 billion senior credit facilities consist of a $1.66 billion asset-based revolving credit facility and a $140 million first in, last out tranche. This transaction follows multiple financings in 2021 to support EQT Private Equity’s acquisition of PRO Unlimited and then the company’s subsequent acquisition of Workforce Logiq. Citizens was the left lead arranger on all transactions.

“The Citizens team was able to provide attractive incremental capital that will allow PRO Unlimited and their financial sponsors to meet their strategic objectives,” Ted Swimmer, head of Capital Markets and Advisory at Citizens, said. “Providing senior credit facilities is just one of the ways that Citizens can deliver substantial value for clients at every stage of their business life cycle.”