The Gulf of Paria Group received an LOI for a Texas and PA-based Healthcare & IT Staffing company

 
BALTIMORE - Dec. 3, 2018 - PRLog -- The Gulf of Paria Group, a Mergers & Acquisitions Advisory firm, received a non-binding offer via an Indication of Interest (IOI) in December 2016 and subsequently a Letter of Intent (LOI) in January 2017 from one of its Escondido (California)-based Search Fund clients, for the acquisition of a Texas-and-Pennsylvania based Healthcare & IT Staffing company.  The Texas-based company, founded in 2003, and comprised of two separate affiliate entities, and is one of the world's largest full-service on-demand network of IT talent for some of the largest IT re-sellers, saw revenues of $11.96 Million in 2015 and $19.26 Million in revenues in 2015, and realized an increase in EBITDA in the same timeframe from $1.8 Million in 2015 to $2.4 Million in 2016.

The potential buyer (the Search Fund) believed that the target company would be an ideal fit for its portfolio.

As the parties to this intended transaction are covered by Non Disclosure Agreements (NDA) and do not necessarily wish to widely publicize offers that were presented, received, reviewed, considered, and decided upon, their identities have been omitted from this press release.  However, if required for verification purposes, further details regarding this intended transaction, along with the final outcome of this intended transaction, may be obtained from The Gulf of Paria Group by contacting them and requesting the details pertaining to the transaction listed under Reference number GOPG104.

About The Gulf of Paria Group.

Founded by Che Hackett, The Gulf of Paria Group is a Mergers & Acquisitions Advisory and Sub-Private Equity firm focused on representing middle market companies involved in a variety of industries such as manufacturing, industrials, consumer goods and services, packaging, food distribution, branded products, business services, technology, pharmaceuticals, biotechnology, logistics, energy production, energy services, and energy distribution, among others, throughout the USA and elsewhere. For more information, please visit www.gulfintel.com

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Che Hackett
Job Title: President
***@gulfintel.com
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Tags:Offer
Industry:Investment
Location:Baltimore - Maryland - United States
Subject:Mergers
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Page Updated Last on: Dec 03, 2018
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