Baird Capital’s US Private Equity group has made an investment in Workforce Insight, a provider of workforce management consulting services.
Workforce Insight is a provider of workforce management consulting, analytics and managed services. The company helps customers generate labor cost savings by aligning labor with business demand and supporting compliance with government regulations and labor contracts. Workforce Insight is based in Denver (www.workforceInsight.com).
Angela Selden, an advisor at Baird Capital, will become CEO at Workforce Insight. The founders of the company – Steve Goldman and Don Giffels – will remain with the company as President and Vice President of Healthcare Solutions, respectively.
“It is remarkable how Workforce Insight, in a few short years, has become the market leader it is today, delivering substantial labor savings to some of the world’s largest and most well-known retailers, healthcare providers, manufacturers, and public institutions,” said Ms. Selden. “This investment will accelerate Workforce Insight’s service offering growth, fund analytics solution expansion, and provide access to Baird Capital’s global network of resources, leading to even more value creation for customers.”
Ms. Selden joins Workforce Insight with more than 25 years of experience in technology-enabled consulting, managed services and business process outsourcing. Prior to her work with Baird Capital, she served as CEO and Co-Chairman of Arise Virtual Solutions, a crowdsourcing call center company that became the market leader, expanding globally and increasing revenue 10x in six years. Before joining Arise, she spent 18 years at Accenture, a global consulting, technology and outsourcing company.
“We are thrilled at the opportunity this partnership with Baird Capital will provide our employees and customers,” said Mr. Goldman. “This investment means we will be able to provide even more innovative platforms and services and expand the geographies we serve, while creating financial growth and streamlining operations. We look forward to working closely with Angie and the rest of the Baird Capital team to help our customers transform their businesses and improve financial health.”
Baird Capital, the direct private investment arm of Robert W. Baird & Co., invests in lower middle-market companies in the manufactured products, healthcare and business services sectors. The firm invests from $15 million to $35 million in companies with enterprise values of $25 million to $125 million and EBITDAs greater than $5 million. Baird Capital was founded in 1989 and is based in Chicago (www.bairdcapital.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-8-14
