Bartech is a professional services firm that provides workforce management and staff augmentation services to Fortune 1000 companies and other large users of non-employee labor. Bartech is among the top ten managed services providers in the world and manages or employs over 30,000 consultants daily across multiple end markets and manages over $3.5 billion of client expenditures. Bartech is led by David Barfield, President and CEO. The company was founded in 1977 by John Barfield and is headquartered in the Detroit suburb of Southfield, MI (www.bartechgroup.com).
“My parents founded Bartech in 1977 and I’ve had the privilege to lead and reshape our company’s strategy, operations and culture since 2009,” said Mr. Barfield. “My team and I have enjoyed our partnership with Sverica. Their support of our team and vision to position Bartech to compete in the growing and evolving staffing industry has resulted in a better and stronger Bartech.”
Sverica invests in service oriented businesses and light industrial manufacturers. The firm targets companies with enterprise values under $100 million and EBITDAs greater than $3 million. Sverica was founded in 1993 and has raised over $500 million of capital across multiple funds. The firm has offices in Boston and San Francisco (www.sverica.com).
“It is tough letting go of a great company like Bartech, but together with the leadership of David and his management team, we have grown the company over the last three and a half years into an asset that is well positioned to now go to the next level leading Impellam’s North American contingent labor strategy,” said Dave Finley, Managing Director at Sverica.
Impellam Group is the 2nd largest staffing business in the UK and the 12th worldwide. The company operates across the UK, North America, Asia Pacific, and mainland Europe. Impellam Group is publicly traded (LON: IPEL) and is headquartered north of London in Luton, UK (www.impellam.com).
“It has been a pleasure partnering with David and his team to build an industry leading company in the human capital management industry,” said Jordan Richards, Managing Director at Sverica. “It is gratifying to see all of the hard work not only translate into strong revenue and EBITDA growth over our investment period, but also the recognition by our clients and industry peers for the high quality of service Bartech provides.”
© 2015 PEPD • Private Equity’s Leading News Magazine • 12-11-15