Apollo Global Management, Inc. has announced that funds managed by its affiliates have completed the previously announced acquisition of EmployBridge, an industrial staffing company in the United States.
“This new strategic partnership with Apollo is a tremendous milestone for our company that will fuel our growth journey and energize our teams as they focus on solutions to drive associate engagement and client success,” said Michael Miles, Chief Executive Officer of EmployBridge. “Our team’s experience in supply chain workforce management and their passion for associates combined with this investment gives us new opportunities to enhance our service capabilities and product offerings to drive growth.”
“We are excited to have completed our investment in EmployBridge and begin working with Michael and the broader EmployBridge leadership team on this next chapter of growth and development,” said Robert Kalsow-Ramos, Private Equity Partner at Apollo. “Market fundamentals remain strong and we see a tremendous opportunity to enhance and grow the platform through accelerated investments in technology, the associate experience and new client engagement models.”
Houlihan Lokey and Royal Bank of Canada served as financial advisors to the Apollo Funds in connection with the transaction. Akin, Gump, Strauss, Hauer, & Feld LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds. Credit Suisse acted as lead financial advisor to EmployBridge, with William Blair also advising the company. Milbank LLP acted as legal counsel to EmployBridge. The terms and conditions of the transaction were not disclosed.
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