Private Equity Firm Invests in IT Staffing Company
Private equity firm Littlejohn & Co has invested in Motion Recruitment Partners, a global IT staffing and recruitment firm. Financial details were not disclosed.
Motion Recruitment Partners is headquartered in Boston, with services spanning 47 countries. The company provides specialized IT staffing through its Jobspring Partners and Workbridge Associates businesses and offers global recruitment outsourcing services through its Sevenstep business for a broad range of industries in need of both permanent and contract labor.
Motion Recruitment Partners’ market focus includes professionals who specialize in Open Source Development, Microsoft Development, Network Security & Infrastructure, Mobile Development, and UI/UX Design & Development, the company says.
The funding will help accelerate the company’s growth plans, though Motion Recruitment Partners CEO Beth Gilfeather only offered vague details in a prepared statement.
IT Staffing Firms Attract Mergers, Acquisitions and Funding
Staffing firms have been attracting M&A deals lately. Just last month DISYS acquired Xtreme Consulting Group. Also, BlueLine acquired BlueStaff’s Technology division a year and a half ago. In both deals, the buyer offered other services and added or bolstered their staffing arms.
While Motion Recruitment is currently focused on staffing, it will be interesting to see if larger MSPs start following suit and add staffing to their portfolio of services. On the flip side, will staffing companies like Motion Recruitment start offering managed services? If this trend continues we may see more of these hybrid companies appear.
According to a recent survey, one of the top challenges MSP firms face today is hiring and training staff. Companies like VARStaffing specifically focus on filling IT service provider and solution provider positions.