December 21, 2021 – Stamford, CT – Hamilton Robinson Capital Partners, together with management, has recapitalized WorkforceQA, a leading tech-enabled Third-Party Administrator (TPA) of employee compliance solutions focused on regulated and safety-sensitive industries. Headquartered in Salt Lake City, UT, the company serves many of the largest trucking, airline, logistics and rail companies in the U.S. assisting them in managing their entire employee screening programs including drug and alcohol testing, physical examinations, background checks and training and compliance.
Jim Parmelee, Managing Director at Hamilton Robinson stated, “We are thrilled to partner with the WorkforceQA team as the company increases its investments in people and technology to provide enhanced value to customers. Our experience in working with tech-enabled service businesses and our additional resources will enable WorkforceQA to rapidly expand its portfolio of employee screening services and solutions. A shared vision and core values underpin our partnership with the WorkforceQA team.”
“Our partnership with Hamilton Robinson highlights our commitment to our employees, customers and industry partners. This partnership will allow us to scale our business more quickly while increasing our re-investment in the industry leading service and quality that WorkforceQA is known for. I remain a significant investor in the company and I am pleased that many members of the senior management team have joined me as shareholders,” stated Eric Quilter, CEO of WorkforceQA.
“Our investment in WorkforceQA is consistent with Hamilton Robinson’s focus on partnering with industry leaders that provide tech-enabled, regulatory driven business services. The current management team will continue to run the company as we provide additional capital to invest in its team and growth plans. We are particularly excited about the opportunity to accelerate WorkforceQA’s acquisition strategy to broaden its services and provide more depth and bench strength,” stated Adam Fitzner, Managing Director at Hamilton Robinson.
Finn Dixon & Herling LLP and Crowe LLP provided legal and accounting advisory services to Hamilton Robinson, respectively. Citizen’s M&A Advisory was WorkForceQA’s exclusive representative in the transaction, with legal service provided by Michael Best & Friedrich LLP.
About Hamilton Robinson
Hamilton Robinson Capital Partners is a lower-middle market private equity firm focused on making control investments in North American-based commercial service, distribution, specialty industrial manufacturing, and industrial technology businesses. Founded in 1984 and based in Stamford, CT, HRCP has completed over $1.6 billion in transactions supporting over 65 family businesses and corporate divestitures. Investors include leading financial institutions, funds, family offices, and individuals in the United States and Europe. For more information visit www.hrco.com.
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