March 31, 2018 – CSI IT, LLC (“CSI”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisition of Technical Resource Group, Inc. (“TRG”). Details of the transaction were not disclosed.
Corry Doyle, Managing Director of White Wolf, noted “We are excited to further expand the CSI platform by partnering with Scott Clary, the founder of TRG, and are eager to execute on the growth opportunities available to us in Texas and other western markets under Scott’s strong leadership, relationships and solid reputation. Synergistic acquisitions of leading IT consulting and staffing companies remain a key strategic focus of CSI and we look forward to pursuing additional acquisition opportunities in the near future.”
Joe Bendix, CEO of CSI, commented, “Scott has built a very successful IT staffing and consulting company by helping his clients find the people with the right skills to complete their IT projects in a timely and cost-effective manner. Scott will be joining the CSI team as President of the TRG Division, and the entire CSI organization looks forward to working with him and his very seasoned team of professionals, as we continue to expand our market share in this geographic region. We look forward to meeting all of TRG’s team members, clients, consultants, and suppliers over the next few weeks and continuing to partner with them under Scott’s leadership.”
Scott Clary, President of TRG stated, “We are excited about merging our company with CSI, and combining our teams, who are now well positioned to expand our service offerings and identify new business development initiatives that will bring additional value to us and our clients. Also, by utilizing CSI’s administrative and recruiting teams, we will be able to provide even more value to our clients, partners, and consultants across a full range of IT staffing and consulting needs.”
TRG is a Texas-based corporation founded in 1989 by Scott Clary. For nearly three decades, the company has provided IT staff augmentation services for technical professionals around the United States. After working for another recruiting firm for three years, Mr. Clary determined that he could offer better services in a more efficient and cost-effective manner. With the support of his wife, Daniela Clary, he started TRG, with the intent of operating entirely in Texas, specifically Dallas and its surrounding areas. TRG now operates out of offices in Dallas and Plano, TX, and has become a proven leader in providing consulting and permanent placement opportunities for technical professionals across the State and Country.
CSI is an information technology, consulting and recruiting company that is primarily focused on providing permanent and contract IT resources to augment a client’s existing staff while implementing or upgrading complex systems. CSI has been providing experienced IT resources that enable their clients to complete their complex projects on time and on budget for over seventeen years. CSI is headquartered in Tallahassee, FL. For further information, please visit: www.csifl.com.
CS is actively seeking add-on acquisition opportunities that meet the following criteria:
White Wolf Capital is a private investment firm that began operations in late 2011 and is focused on making both direct and indirect investments in leading middle market companies located in North America.
On the direct side, White Wolf Capital seeks both private equity as well as private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include, management buyouts leveraged buyouts, recapitalizations and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace and defense.
In addition to making direct investments in operating companies, White Wolf Capital also looks to invest with other private fund managers as a limited partner. Targeted investment candidates are North American focused private credit funds looking to raise $50 million to $500 million in assets under management, with a focus on the lower-middle and middle-market. For further information, please visit: www.whitewolfcapital.com.