Citizens Capital Markets advises Re-Sourcing on its recapitalization by McNally Capital

02/13/2020

Citizens Capital Markets advises Re-Sourcing on its recapitalization by McNally Capital

PROVIDENCE, RI – Citizens Capital Markets served as the exclusive financial advisor to Re-Sourcing Holdings on its recapitalization by McNally Capital. Re-Sourcing Holdings is a leading provider of strategic staffing, consulting, and direct hire solutions through six premium brands: JW Michaels & Co., Compliance Risk Concepts, ExecuSource, Perennial Resources International, Partnership Employment, and Technology Navigators.

Founded in 2003 by William Lewis, Joe Kelly and their partners, Re-Sourcing has developed a leading platform in the staffing industry by leveraging a differentiated operating model to partner with best-in-breed owners and managers of businesses. Through organic growth and acquisition, Re-Sourcing has established itself as a leading competitor in multiple service lines, industry verticals, and geographic markets.

Joe Kelly, CEO of Re-Sourcing, said: “We were extremely pleased with the Citizens team as they worked with us as true partners throughout the process.  Their patience and intimate knowledge of the industry helped us find the right partner to support our growth plans and objectives. Partnering with McNally Capital will aid my partners and me in pursuit of our goal to build one of the fastest growing and most profitable companies in our industry.”

Alan Bugler, managing director with Citizens, said: “Joe Kelly, William Lewis and their partners have built an impressive platform in the human capital industry over the past 15+ years.  Their experience in the industry and unique approach to partnership have enabled them to create an impressive business with sector specific subject matter experts.  We were delighted to help Re-Sourcing partner with McNally Capital, who shares the company’s focus to continue building one of the fastest growing companies in the industry, through organic growth and acquisition.  We look forward to witnessing the business’ continued growth and success.”

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $165.7 billion in assets as of December 31, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on TwitterLinkedIn or Facebook.


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