Citizens M&A Advisory served as the exclusive financial advisor to WorkN, a mobile on-demand staffing platform, on its acquisition by Avionté, a portfolio company of Serent Capital. This acquisition represents Citizens’ 17th human resources technology transaction and second with Avionté.
WorkN’s software-as-a-service platform offers a mobile experience for staffing and recruiting, helping organizations create custom, white-labeled applicationss that allow for in-app experiences for candidates and workers.
By acquiring WorkN, Avionté, a provider of enterprise staffing and recruiting software solutions, is gaining ground on its commitment to provide its customers with end-to-end talent enablement and candidate experience technology.
WorkN, operating as a division of Avionté, will continue to serve large enterprise staffing companies and employers, a market in which WorkN already has penetration and momentum. At the same time, WorkN will gain access to Avionté’s customer base of more than 1,000 staffing companies.
“WorkN is delighted to have had the guidance of the Citizens team leading our successful sale of the company to Avionté,” Jakob Rohn, co-founder of WorkN, said. “The team’s passion for a fair and smooth process with all parties was critical in the success of our strategic merger.”
“The management team at WorkN has built a fast-growing SaaS business facilitating recruiting for the staffing agencies and employers, and we are thrilled to work with them on strengthening this existing partnership with Avionté,” Scott Rhodes, managing director at Citizens, said.