Pine Tree Equity has acquired Bradley-Morris, a provider of hiring services for military personnel. This acquisition was made through the firm’s second fund, Pine Tree Equity II, LP.
Bradley-Morris is a military-focused recruiting firm that assists Fortune 1000 companies in hiring military personnel for their civilian positions, primarily through hiring conferences and job fairs hosted by the company throughout the country. The company’s focus is on placing junior military officers as well as engineers and other technical candidates that are transitioning out of the military. Bradley-Morris was founded in 1991 and is headquartered in Kennesaw, GA (www.bradley-morris.com).
Pine Tree Equity partnered with Mrs. Sandy Morris, Founder and Chief Executive Officer, as well as Tim Best, Chief Operating Officer, and Craig Griffin, Chief Business Development Officer, on this acquisition. Pine Tree plans to accelerate the company’s geographic expansion and pursue complementary add-on acquisitions.
Pine Tree Equity invests in companies with revenues of $10 million to $50 million and EBITDAs of $2 million to $6 million. Sectors of interest include business, consumer and financial services; consumer products; franchisors and franchisees; and niche manufacturing. Since its founding in January 2007, Pine Tree Equity has completed 21 acquisitions. The firm is based in Miami (www.pinetreeequity.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-24-13