Richmond, VA., January 6, 2012 – CHILDS Advisory Partners (“CHILDS”) served as the financial advisor to Fahrenheit Technology (“Fahrenheit”), in the recent sale of its IT staffing business to Global Employment Solutions (“GES”). Fahrenheit is one of the largest privately-held technology consulting firms in the greater Richmond, Virginia area.
With this acquisition, Global and Fahrenheit will provide expanded placement services across multiple industries in the areas of IT Strategy, Software Development, Program/Project Management Consulting and QA Testing. The Fahrenheit Technology business, with its original leadership and support team, is expected to be fully-operational as a division of Global in early January of 2012. Terms of the transaction were not disclosed.
“As a provider of IT consulting services, Fahrenheit is known for connecting the best IT professionals with opportunities at leading companies,” said Howard Brill, Global’s Chief Executive Officer. "We are excited to have them as part of the Global team.” “Fahrenheit is a natural addition to Global and we share a service philosophy that elevates both firms above the typical IT staffing company,” said Jason Tate, Fahrenheit Technology’s President. “Together, we will provide even greater capabilities to Fahrenheit’s customers and a broadened national service offering made available by Global’s multiple office locations across the United States.”
Based in Richmond, VA, Fahrenheit Technology’s IT staffing business offers recruitment services in the areas of Insourcing, IT Strategy, Software Development, Program/Project Management Consulting and QA Testing. The Company serves mid-sized to Fortune 500 clients throughout the country. For further information on Fahrenheit, please visit: www.fahrenheittechnology.com.
Global Employment Solutions is a national provider of professional staffing services. Founded in 1998, Global serves a diverse cross-section of companies and employees. They offer the personal attention of a local business, combined with an extensive business network and a wide range of global resources under one roof. Global provides direct placement and temporary staffing in a number of niche areas, including information technology, administrative, engineering, accounting/finance, call center, among others. For further information on GES, please visit: www.gesnetwork.com.
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.
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