CHILDS COMPANY ADVISES LUCAS GROUP

 

Atlanta, GA., July 24, 2007 - Lucas Group, the nation's premier contingent search staffing business, announced today the acquisition of a majority share of its business by H.I.G. Capital LLC, a private equity firm with more than $4 billion under management.

With 17 locations and $70 million in annual revenue, Lucas Group has built a reputation for successfully providing contingent search services in multiple industries, including finance/accounting, legal and military.

Art Lucas, founder, sought a transaction whereby he could achieve personal diversification while keeping the company brand intact. In partnership with senior management, Childs Company developed the company's positioning in the marketplace and assisted the company in finding the right buyer to continue its strategy to be the premier contingent search business in the US.

Childs Company's knowledge of the staffing industry and our proprietary database of private equity firms who have indicated interest in staffing and IT services firms enabled us to quickly identify suitable buyers.

About Childs Company

Childs Company provides investment banking and strategic consulting services to premier middle market services firms. The Partners of Childs Company have both operating and advisory experience and have closed over $4 billion in transactions. For further information please visit us at www.childscompany.com.

 

For further information, please contact:

Jim Childs, Managing Partner P: (770) 500-3611 F: (770) 500-3610 E: jchilds@childscompany.com

Melanie McFaddin, Partner P: (571) 282-3617 F: (571) 282-3618 E: mmcfaddin@childscompany.com

 

Childs Company
10 Glenlake Parkway, Suite 300, Atlanta, Georgia 30328
www.childscompany.com