CSG Partners News Release (04/23/12)
CSG Partners LLC and De Bellas & Co announced that they served as financial advisors to the Hamilton-Ryker Group Inc. on its recent sale to an Employee Stock Ownership Plan. Hamilton-Ryker is now owned 100% by its employees. The terms of the transaction were not disclosed. As part of the ESOP transaction, the management team will remain the same, with Kelly McCreight continuing as president.
The Hamilton-Ryker ESOP continues the trend of staffing companies implementing ESOP buyouts. In addition to Hamilton-Ryker, CSG Partners has closed ESOP transactions for Burnett Staffing (Houston), Penmac Staffing (Springfield, MO), and Internal Data Resources (Atlanta).