Mesirow Financial Advises ULG Companies, LLC on its Sale to NSC Technologies, Inc., a Portfolio Company of White Wolf Capital LLC
CHICAGO, May 14, 2019 – Mesirow Financial acted as the exclusive financial advisor to ULG Companies, LLC ("ULG" or the "Company") on its sale to NSC Technologies, Inc. ("NSC"), a portfolio company of White Wolf Capital LLC.
Headquartered in Logansport, IN, ULG is a diversified group of industrial and commercial staffing divisions operating across three distinct segments. ULG Skilled Trades provides local and nationwide staffing support in a variety of construction-related verticals. ULG Marine is a skilled labor staffing division focused on workforce solutions for the Marine industry from shipbuilding through repair. ULG Staffing is a dedicated light industrial staffing division providing flexible workforce opportunities in a variety of manufacturing, distribution and fulfillment positions.
Gary Hentschel, CEO of ULG, commented on the transaction, "Mesirow Financial's expert guidance and dedicated service throughout the process resulted in a successful outcome for all parties involved. NSC understands the value to our stakeholders and we are eager to show the marketplace what we have to offer."
Rocky Pontikes, managing director of Mesirow Financial's Investment Banking group, said, "We were honored to represent ULG in this transaction. These highly regarded companies have experienced substantial growth and this strategic combination will enable NSC to meet increasing demand in the Midwest industrial staffing market, as well as provide enhanced products for their clients and growth opportunities for their employees."
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial's team has a proven track record of completing successful transactions.
About ULG Companies, LLC
ULG is a diversified group of industrial and commercial staffing divisions (Skilled Trades, Marine, Staffing) serving clients and employees across the United States. Headquartered in Logansport, Indiana and with 14 offices across the country, ULG provides blue chip clients with proven skilled and non-skilled workers for the maritime, industrial, and logistics industries. To learn more, please visit ulgcompanies.com.
About NSC Technologies, Inc.
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. To learn more, please visit nsc-tech.com.
About White Wolf Capital LLC
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. In general, White Wolf seeks both mezzanine and private equity investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. To learn more, please visit whitewolfcapital.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. To learn more, please visit mesirowfinancial.com.