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Follow on Google News | Onyx Capital Advisors, LLC Announces AcquisitionOnyx Capital Advisors, LLC Hi-Tec acquires a technical staffing company in a strategic move to penetrate new markets.
Robert Dailey, President and CEO of Hi-Tec Associates, Inc., stated: “It’s been wonderful for our organization since we’ve partnered with Onyx. The capital provides us an opportunity to grow in light of the current financial challenges and the tightening of the lending institutions.” Hi-Tec is a technical staffing company supplying Engineering, Information Systems, Manufacturing, Systems Design and other Technical and Administrative personnel to several industries including Aerospace and Defense. The company has corporate offices in Lakeland, FL and branch offices in Orlando, FL, Dallas, TX, St. Louis, MO, and Atlanta, GA. Amongst the company’s client list is Boeing, Lockheed Martin, Westinghouse, McDonnell Douglas, General Dynamics, and a host of others. The US Bureau of Labor Statistics estimates the staffing industry will grow faster and add more jobs than just about any other industry in the next decade. “The acquisition is highly strategic and the improved efficiency to core processes provides the ability to identify growth opportunities and penetrate new markets,” states Roy Dixon, Managing Partner at OCA. About Onyx Capital Advisors, LLC Onyx Capital Advisors, LLC, led by Roy Dixon Jr., is a private equity investment firm with in-depth industry knowledge, and highly developed processes for growing and improving businesses. The firm’s focus is on established, domestic, primarily middle-market companies with annual revenues between $10 million and $250 million. Onyx’s strategy is to partner with the executive leadership of organizations that possess superior business models and that exhibit a strong desire to build successful companies. As partners, Onyx works with the management of the portfolio companies to drive operational improvements throughout all areas of their businesses. Specific emphasis is placed on sales and profit growth, market share leadership, innovation, cost improvements and other value-creating activities. More information about Onyx Capital Advisors, LLC is available at www.onyxcapitaladvisors.com # # # Onyx Capital Advisors, LLC, led by Roy Dixon Jr., is a private equity investment firm with in-depth industry knowledge, and highly developed processes for growing and improving businesses End
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