April 26, 2019 – NSC Technologies (“NSC”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisitions of Staffing Resources, Inc. (“SRI”) and ULG Companies, LLC (“ULG”).
In conjunction with these acquisitions, NSC was recapitalized to better position the Company for additional acquisitions and continued growth. Details of the transactions were not disclosed.
Richard Leggio, a Vice President of White Wolf, noted, “The value-add of the ULG acquisition is highly compelling. With this acquisition, NSC will expand its Midwest presence while further consolidating its dominant presence in the maritime/naval shipbuilding and repair industries.”
Andres Gutierrez, a Senior Associate of White Wolf, noted, “SRI brings attractive synergies and diversification opportunities to the NSC platform. Specifically, SRI expands NSC’s light industrial book of business.”
Paul Rodriguez, CEO of NSC, commented, “These acquisitions create tremendous benefits for our valued clients and dedicated employees. Over the past two decades NSC has evolved into a world class staffing and recruiting platform. The addition of ULG and SRI to our family of companies is a further manifestation of our vision to expand our geographic footprint and capabilities.”
Chris Gremelspacher, President of SRI stated, “I am excited to have Staffing Resources become a part of NSC. Our two companies have a shared commitment to our employees, our clients, and our communities. I believe that together with NSC, our team will have more opportunities to grow and provide a broader platform of services and skill-sets to our business partners.”
Gary Hentschel, President of ULG, stated, “We are extremely excited about our new partnership with NSC Technologies and White Wolf Capital. Together we will have the critical mass and leadership talent to compete even more aggressively on a national basis in the industrial staffing market, as well as provide an enhanced suite of products for our clients and improved resources and benefits for our team.”
NSC, founded by Paul Rodriguez in 2000, is dedicated to being the most trusted provider of innovative staffing solutions servicing the global marine, energy, commercial and industrial marketplace. Through achieving long-term, meaningful customer relationships and by exceeding customer expectations, NSC has experienced tremendous overall growth since its founding. In addition to strong customer relationships, NSC is dedicated to enhancing the quality of life for all of its employees. NSC is headquartered in Portsmouth, Virginia. For further information, please visit: www.nsc-tech.com.
SRI is a light-industrial employment and temporary staffing company providing innovative, effective staffing solutions to its clients utilizing its network of six branches across Indiana. Founded in 1994, SRI has been led by current President, Chris Gremelspacher, since 2015. SRI’s extensive service offering includes temporary and direct-hire recruitment, personnel assessment and testing, payroll processing, training and consulting. For further information, please visit: www.1sri.com.
NSC is actively seeking add-on acquisition opportunities that meet the following criteria:
White Wolf is a private investment firm that began operations in late 2011 and is focused on management buyouts, recapitalizations and investments in leading middle market companies. White Wolf seeks both private equity and private credit investment opportunities in companies that are headquartered in North America with $20 million to $200 million in revenues and up to $20 million in EBITDA (smaller for add-ons). Preferred industries include manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.