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Sallyport Provides $1.5MM Funding for Expansion of Staffing Firm

October 04, 2021, 08:08 AM
Filed Under: Staffing Services

Sallyport provided $1,500,000 in funding to a Canadian staffing firm serving the oil and gas services, mining and construction industries with permanent and temporary staffing solutions.
The company is a subsidiary of one of Sallyport’s existing and very successful U.S. clients and was originally referred to Sallyport by a contact in the UK.  As is common in many staffing businesses, payments from debtors may take 45-60 days to materialize so meeting a weekly payroll can prove challenging. The client will use these funds to fund their payroll and sustain working capital so that they can focus on building their brand and presence as a startup in Canada.
There was never any competition to secure their business given the exceptional service they experienced from our operations team working with their U.S. business and we’re delighted to be able to support their growth into new territories.

Calum Williamson, Managing Director of Sallyport Canada commented, "We brought the U.S. parent company of this business on board in 2019 and the fact that they’ve expanded into Canada and are now using our services to establish themselves here is purely testament to the service and relationship that’s been fostered by our operations staff. This is a fantastic business with a very bright future and we’re looking forward to being part of their continued growth.”

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