Acquisition Enables Growth, Expands Professional Consulting Services for Planet and WinterWyman.
CHICAGO (PRWEB) NOVEMBER 21, 2019
The Planet Group (“Planet”), a portfolio company of MidOcean Partners and leading provider of outsourced human capital and consulting solutions, announced today that it has entered into an agreement to acquire WinterWyman, a leading staffing provider specializing in Technology, Finance & Admin and Human Resources. Michael Stomberg, CEO of Planet, said that this acquisition aligns with Planet’s strategic initiative to provide a full suite of consulting and strategic resourcing solutions to our global client base.
Established in 1972, WinterWyman is a premier provider of contract staffing services and is among the best-known talent acquisition firms in the Northeastern U.S. Over the years, WinterWyman has developed an excellent reputation for client and candidate satisfaction fostered by a tenured team recruiting high-impact talent in several key functional areas.
WinterWyman will continue to be led by current CEO Scott Ragusa, a staffing industry veteran and recognized leader who has been with the company since 1999. Ragusa commented, “We’re proud of all we have accomplished at WinterWyman during our 47-year history and excited about our future with The Planet Group. We look forward to continued growth and success as part of this prestigious organization.”
“This is a landmark deal for Planet as we continue to follow our expansion strategy,” said Stomberg. “WinterWyman’s current service offerings complement Planet’s existing workforce solutions and the addition provides significant cross-selling opportunities.” The combination of these two businesses further strengthens Planet’s rapidly growing position in the industry as a provider of choice offering a comprehensive suite of professional staffing and consulting services.
MidOcean Partners, a premier middle market private equity firm, made a significant investment in Planet in January 2018 to escalate the company’s strategic initiatives and drive continued growth. Planet will look to continue accelerating its expansion through future M&A activity.
Bowstring Advisors, a division of Citizens Capital Markets, acted as the exclusive financial advisor to WinterWyman.
About The Planet Group
The Planet Group is a diversified professional services organization focused on providing high-value outsourced human capital solutions and niche consulting services to Fortune 500 and other leading clients in the fastest growing and most in-demand sectors. The Planet Group consists of seven related entities and has been purposefully built to address the professional services needs of leading companies in the life sciences, diversified energy & engineering, healthcare and digital marketing industries. The Company was founded in 2009 and is headquartered in Chicago, Illinois. For more information, please visit The Planet Group’s website (https://theplanetgroup.com/).
About WinterWyman
WinterWyman is one of the Northeast’s most recognized talent acquisition firms providing contract staffing, temp-to-perm and contingency search services in the areas of Accounting & Finance, Human Resources, Administrative and Technology. Headquartered in Waltham, Massachusetts. WinterWyman helps leading organizations – from Fortune 500 powerhouses to emerging businesses – identify, attract and recruit talented professionals. For more information, please visit WinterWyman’s website (https://www.winterwyman.com/).
Contacts
The Planet Group Media Relations
The Planet Group
Bridget Bell
[email protected]
WinterWyman Media Relations
WinterWyman
Elizabeth Spayne
[email protected]
MidOcean Media Relations Contacts
Nathaniel Garnick/Amanda Klein
Gasthalter & Co.
212-257-4170
[email protected]
MidOcean Investor Relations Contact
Allison Donohue
[email protected]
