Leading Middle Market Private Equity Firm Partners with Veteran Management
Team to Acquire Nation's Largest Military Recruiting and Consulting Firm
NEW YORK and RALEIGH, N.C., June 25 /PRNewswire/ -- Centre Partners
announced today that it has completed the acquisition of Orion
International Consulting Group, Inc. The investment was consummated in
partnership with Jeffrey Evans, a staffing industry veteran, who will serve
as the Company's Executive Chairman, and with key members of Orion
International's senior management team.
Founded in 1991 by five military veterans, Orion International is the
nation's largest recruiting and permanent placement organization
specializing in individuals leaving the military. Over the course of its
16-year history, Orion has placed over 17,000 former-military personnel
with over 2,000 different client corporations. Orion is primarily dedicated
to finding permanent placement civilian opportunities for exiting junior
military officers, enlisted technicians and military healthcare
professionals. In addition to the Company's direct placement business it
also offers complementary services through its subsidiaries, including:
MilitaryStars, the nation's largest military career expo provider; Velastar
Solutions, which provides contract and temp-to-hire staffing opportunities
for veterans; and, Orion Health Professionals, which connects transitioning
military health professionals with premier health systems throughout the
nation. The company is headquartered in Raleigh, North Carolina with five
additional offices in close proximity to military bases across the country
located in San Diego, CA, Cincinnati, OH, Virginia Beach, VA, Austin, TX
and Sarasota, FL.
Orion Chief Executive Officer Bill Laughlin said, "I'm extremely
confident that our new partnership with Centre will enable us to increase
the scope of our operations, providing greater resources for our military
candidates, who have served their country honorably and deserve the best
possible chance at a successful and rewarding civilian career."
"Orion's unique operational model and strong management team offer an
excellent platform for growth, both organically and through targeted
acquisitions," said Jeffrey Evans, who will serve as the Company's
Executive Chairman. "We look forward to working together to expand further
in sectors like health care, energy and aviation, enabling us to provide
even greater opportunities for transitioning military professionals and our
client corporations."
Bob Bergmann, Senior Partner at Centre Partners, stated, "Our new
partnership with Orion's management team is a prime example of the Centre
Resource Model in action. Orion will benefit greatly from the expertise of
Jeffrey Evans, a Centre Operating Partner, as we seek to expand the
business. Centre also stands ready to support the anticipated growth with
additional capital. Orion has an exciting future and we are pleased to be a
part of it."
About Centre Partners:
Centre Partners, founded in 1986, is a leading private equity firm with
a middle market focus that seeks to make acquisitions and equity
investments alongside management teams who have or desire a meaningful
economic stake in the future success of their businesses. Centre Partners'
Principals have invested over $3 billion in more than 80 companies,
partnering with management teams across a broad spectrum of industries.
Centre Partners provides those teams with access to its unique resources,
which include an extended network of experienced and proven operating
executives. Centre Partners has offices in New York City, Los Angeles and
Dallas, through our strategic relationship with Centre Southwest. The firm
is currently investing through its fourth fund, which has approximately
$780 million of committed capital. Centre has deep investment expertise
covering the industrial products and services, consumer, healthcare,
energy, media, restaurants, retail, and aviation services sectors.
Additional information about Centre Partners is available at
http://www.centrepartners.com.
About Orion International:
Orion International was founded in 1991 and is the nation's largest
military recruiting and consulting firm. In addition to the Company's
direct placement business it also offers complementary services through its
subsidiaries, including MilitaryStars, the nation's largest military career
expo provider; Velastar Solutions, which provides contract and temp-to-hire
staffing opportunities for veterans; and Orion Health Professionals, which
connects transitioning military health professionals with premier health
systems throughout the nation. Additional information about Orion
International is available at http://www.orioninternational.com.
|
