Morgan Stanley Private Equity has acquired EmployBridge Holding, a provider of outsourced human resource and specialty-branded temporary staffing services in the US.
Morgan Stanley Private Equity said that the current management team of EmployBridge will remain in place and hold a significant minority stake in the company.
EmployBridge operates primarily under the ResourceMFG, ProLogistix and ProDrivers brands, providing skilled personnel to three specific industry verticals: specialty manufacturing, warehousing/logistics and transportation.
Headquartered in Atlanta, EmployBridge operates in 30 states through 146 branch and on-site locations.
Morgan Stanley Private Equity managing director Aaron Sack said EmployBridge stands out in the staffing industry due to its focus on manufacturing, logistics and transportation.
"We have been very impressed with their strong brands and differentiated capabilities, as well as their ability to consistently attract and place better-qualified personnel tailored to the needs of their customers," Sack said.
This transaction represents the ninth investment for Morgan Stanley Capital Partners V, the most recent fund raised by Morgan Stanley Private Equity.
Earlier investments include McKechnie Aerospace, Tops Markets, Learning Care Group, Breitenfeld, Triana Energy, Trinity CO2, Zenith Provecta and ReachOut Healthcare America.