Leading Middle Market Private Equity Firm Partners With Veteran Management
Team to Acquire Nation's Largest Military Recruiting and Consulting Firm
TAMPA, Fla., June 25 /PRNewswire/ -- Hyde Park Capital Advisors, LLC is
pleased to announce the sale of Orion International Consulting Group, Inc.
to Centre Partners. 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. Hyde Park Capital Advisors, LLC, the investment banking
subsidiary of Hyde Park Capital Partners, LLC, served as Orion
International's exclusive investment bank in this transaction.
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 located 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."
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."
"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."
"Orion International has been a tremendously successful company under
the leadership of Co-Founder and CEO Bill Laughlin, and we are pleased to
have represented Orion and its shareholders in the sale to Centre
Partners," said John M. McDonald III, Senior Managing Director of Hyde Park
Capital Partners, LLC.
For additional information about Orion International, visit their
website at http://www.orioninternational.com.
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.
For additional information about Centre Partners, visit their website
at http://www.centrepartners.com.
About Hyde Park Capital:
Hyde Park Capital is an institutionally focused investment banking firm
serving the corporate finance needs of companies in Florida and the
Southeastern United States. Our principals have extensive investment
banking experience executing merger & acquisition engagements, including
purchase and sale of company assignments, recapitalizations, financial
advisory, fairness opinions and raising growth capital for companies,
including equity, mezzanine and senior debt. With experience in the
technology, healthcare, financial services, business services, consumer,
and industrial sectors, we broadly represent outstanding growth companies
in any industry. As one of the most active investment banking firms in
Florida and the Southeast, our professionals have advised on more than 300
investment banking transactions totaling more than $10 billion in
transaction value. Hyde Park Capital is headquartered in Tampa, Florida and
is a member of the NASD and SIPC.
For additional information about Hyde Park Capital, visit
http://www.hydeparkcapital.com or call (813) 383-0202.
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