Citizens M&A Advisory served as the exclusive financial advisor to DeWinter Group, a staffing company in the San Francisco Bay Area, on its recapitalization by New Heritage Capital, a Boston-based private equity firm.
“The DeWinter Group has built an impressive company with a reputation for excellence in the Bay Area,” Alan Bugler, managing director with Citizens, said. “We believe the company is well-positioned to expand its market leadership through its partnership with New Heritage Capital, and we are excited to follow their continued success.”
Founded in 2000, DeWinter is a talent acquisition brand, providing temporary and permanent staffing solutions across the accounting, finance and information technology disciplines.
“Citizens delivered an exceptional outcome for the DeWinter Group,” Shane Oberg, CEO of DeWinter, said. “Their extensive knowledge of the human capital industry and commitment to identifying the right partner for DeWinter was invaluable.”
“We are delighted to have selected Citizens to navigate our transaction,” Derek DeWinter, founding partner and president of DeWinter Group, said. “Alan Bugler and team worked tirelessly to understand and communicate our culture, vision and growth story.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions.