Atlanta, GA, May 6, 2014 – CHILDS Advisory Partners (“CHILDS”) served as the exclusive financial advisor to Denver-based Workforce Insight, Inc. (“Workforce Insight” or the “Company”), a leading global provider of strategic workforce management consulting, analytics and managed services, in its recent recapitalization with Baird Capital (“Baird”).
Workforce Insight has helped over 225 customers, including 12 Fortune 100 organizations experience significant productivity improvements by aligning labor with business demand and supporting compliance with government regulations and labor contracts. The company leverages technology, analytics tools, and market leading process expertise to achieve financial benefits totaling hundreds of millions of dollars.
Angela Selden, an advisor at Baird Capital, will become CEO at Workforce Insight and both founders will remain with the Company. Steve Goldman will become President, and Don Giffels will remain as Vice President of Healthcare Solutions.
“We are thrilled at the opportunity this partnership with Baird Capital will provide our employees and customers,” said Goldman. “This investment means we will be able to provide even more innovative platforms and services and expand the geographies we serve, while creating financial growth and streamlining operations. We look forward to working closely with Angie and the rest of the Baird Capital team to help our customers transform their businesses and improve financial health.”
Goldman continued by saying “We engaged CHILDS Advisory Partners based on their exceptional M&A track record in the HR Technology and IT Consulting sectors. CHILDS’ industry knowledge, attentive client service and commitment to our transaction objectives provided a very successful outcome for us.“
Tom Donahue, Managing Director at CHILDS Advisory Partners, said “Our HR Technology sector focus, combined with the opportunity to work with a premier brand, led to a competitive process and identification of the right partner for Workforce Insight. The management team and Baird share the same vision for the Company’s growth and continued dedication to its clients.”
Workforce Insight’s recapitalization with Baird was effective April 4, 2014. Terms of the transaction were not disclosed.
About Workforce Insight
Workforce Insight is the world’s leading provider of strategic workforce management consultants, analytics and managed services. Workforce Insight helps customers generate 10-15% labor cost savings without relying on workforce reductions, yielding hundreds of millions of dollars in performance gains for the world’s largest companies. Leveraging its proprietary platform-as-a-service (PaaS), Workforce Insight better aligns labor with customer demand and helps ensure compliance with government regulations and labor contracts. For more information, please visit www.WorkforceInsight.com.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Since 1989, Baird Capital’s U.S. Private Equity group has invested in growing and profitable lower-middle-market companies in the Business Services, Healthcare, and Industrial and Consumer Products sectors. Having invested in more than 270 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in Asia, a proactive portfolio operations team and a deep network of relationships which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.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.
For further information please contact:
P: (404) 751-3000
F: (404) 751-3001
CHILDS Advisory Partners
3438 Peachtree Road NE
Atlanta, Georgia 30326
“We are fortunate to have a strong team of smart, driven professionals who won’t settle for less than the best. It’s that drive that high-growth clients and private equity firms count on for results over the long-term.”
—Jim Childs, Founder
CHILDS Advisory Partners