Sell Side Advisor
Kroll's Business Services Investment Banking Practice Advised The Liberty Group on Its Sale to The Halifax Group
On June 15, 2022, The Liberty Group (“Liberty” or the “Company”), a portfolio company of Merit Capital Partners and Six Pillars Partners, was acquired by The Halifax Group (“Halifax”).
The Business Services Investment Banking practice of Kroll served as exclusive sell-side M&A advisor to Liberty in connection with the transaction.
About The Liberty Group
Liberty is one of the largest providers of temporary staffing services to the multifamily residential industry in the U.S. Founded in 1977 and headquartered in Houston, Texas, the company currently operates in 30 markets across 23 states and prides itself on its local market expertise and longstanding relationships with the nation's leading property management companies. Its Specialty Staffing division provides high-quality candidates to fill short-term staffing needs across a variety of positions, including maintenance technicians, leasing agents, groundskeepers, porters, and others. Its Executive Search division sources and places highly skilled and experienced candidates into roles across all aspects of multifamily real estate operations and management. Liberty also offers employee screening services to clients through its Liberty Screening Services division. Winston & Strawn LLP served as legal counsel to The Liberty Group, Merit Capital Partners and Six Pillars Partners.
About Merit Capital Partners
Since 1993, Chicago-based Merit Capital Partners has raised and managed $2.8 billion across seven institutionally sponsored limited partnerships, deploying capital in 97 platform investments. Merit invests in minority and majority recapitalizations, management buyouts, acquisition financings, and other shareholder liquidity events. The firm seeks to partner with founders, business owners, management teams, and independent sponsors. Merit continues to pursue new platform investments between $15 million and $60 million in high-quality, established businesses with carefully conceived operating strategies across the manufacturing, distribution, and services industries.
About Six Pillars Partners
Six Pillars is a growth-oriented private equity firm led by business founders and operators that are focused exclusively on partnering with companies who embody their core values. Its principals have invested over $500 million of equity in their careers as investors and operators with top-tier results often driven by alignment of values with all stakeholders. Currently, Six Pillars has three platform investments within the human capital and business services space.
About The Halifax Group
Founded in 1999, Halifax is a private equity firm that partners with managers and entrepreneurs to recapitalize and invest in lower middle-market businesses with total enterprise values generally between $100 million and $300 million. Halifax specializes in equity recapitalizations, corporate carve-outs, and management buyouts and invests across a variety of industries, including health and wellness, outsourced business services, and franchising. The firm is headquartered in Washington, D.C. and maintains an office in Raleigh, NC.
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Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
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