trending Market Intelligence /marketintelligence/en/news-insights/trending/oIMdcY3zRAXYv3eyusQvBw2 content esgSubNav
In This List

NMS Capital exits recruitment services provider ettain group

Video

S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Gaining a Competitive Advantage with ESG Data for Student-Managed Investment Funds


NMS Capital exits recruitment services provider ettain group

NMS Capital Services LLC exited recruitment services and managed services provider ettain group Inc.

Concurrently, fellow middle-market buyout firm A&M Capital Advisors LP, or Alvarez & Marsal Capital, made a majority investment in the company.

Meanwhile, ettain acquired IT and professional staffing services provider Global Employment Solutions Inc. and the commercial electronic health records consulting business of Leidos Inc., which has been carved out from its parent company and will be rebranded as ettain health.

NMS Capital also made a substantial investment in Jaflo Inc. in partnership with the vegetation management services company's management.

John Florio will continue as a significant owner of the company and will transition to the board from CEO, while Kelly Clapper will remain president. NMS Operating Executive Roxanne Bowman will join the company's board as executive chair.

SunTrust Robinson Humphrey and Kirkland & Ellis provided advice to A&M Capital, and Houlihan Lokey and Greenberg Traurig were advisers to NMS.

Houlihan Lokey, Brownstein Hyatt Farber Schreck and Kirkland & Ellis advised Global Employment Solutions. Baird and Venable advised Leidos.

Jaflo was advised by Norris McLaughlin and Swartz & Associates, and NMS was advised by Greenberg Traurig PA.