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Boathouse Capital Supports MidOcean’s Recapitalization of The Re-Sourcing Group

Date: Feb 06, 2024 @ 06:00 AM
Filed Under: Staffing Services

Boathouse Capital announced the continuation of its partnership with The Re-Sourcing Group following the Company’s recapitalization by MidOcean Partners.

Re-Sourcing is a leading provider of strategic staffing, consulting, and direct hire solutions, focusing on roles in compliance, legal, information technology, finance, accounting, and human resources departments. The Company serves the office of the CFO, CCO and CIO through its portfolio of seven premium brands: Conexus Recruiting JW Michaels & Co., Compliance Risk Concepts, ExecuSource, Perennial Resources International, Partnership Employment, Technology Navigators and PRI Technology.

Boathouse initially invested in Re-Sourcing in 2022, alongside existing investors TreeLine Capital Partners and McNally Capital, to finance the strategic acquisitions of Conexus Recruiting and later Logis CFO. These two acquisitions acted to enhance the Company’s leading position in finance and accounting placements and established Re-Sourcing as a national platform through the addition of dedicated West Coast offices. The partnership with MidOcean provides Re-Sourcing with the capital and resources to accelerate its growth and further expand its solution offerings and geographic footprint. As part of the MidOcean recapitalization, Boathouse provided debt and equity to support the acquisition.

Boathouse’s investment in Re-Sourcing builds on its experience supporting founders and management owners in business services, human capital management, and knowledge-based industries. Other current investments in the sector include Spark Hire, ACI Learning, Accurate Background and TalentBridge.

“We are proud of our involvement with Re-Sourcing and excited to continue supporting Managing Partner Joe Kelly, the team at Re-Sourcing, and MidOcean in this next chapter,” exclaimed Andrew Olsen, Partner at Boathouse Capital.

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