Merit Capital Partners recently acquired The Liberty Group (“Liberty” or the “Company”) in partnership with Six Pillars Partners and the Company’s founder and President, Ken Bohan. This transaction represents the 16th platform investment by Fund VI.
Liberty, founded in 1977 and headquartered in Houston, Texas, is a leading specialty temporary staffing and executive search firm focused on the multi-family real estate industry throughout the U.S. The Company fulfills on-site temporary staffing needs across various multi-family residential job functions, including property management, marketing, leasing, maintenance, accounting, and IT. Liberty’s search division focuses on highly skilled and experienced personnel, placing executive talent into multi-family corporate management positions which include the functions listed above along with asset management, development, construction and finance. The Company also provides candidate onboarding services such as screening and background checks. Liberty was represented by Capital Alliance, a middle-market investment bank in Dallas whose specialties include mergers and acquisitions in the human capital management sector.
Ben Yarbrough, Managing Director at Merit, said, “Liberty represents an exciting opportunity to partner with an established leader in the multi-family temporary staffing industry. Over its more than 40-year history, Liberty has become well recognized as a trusted provider of high quality on-site staffing fulfilment and executive talent solutions to the country’s foremost real estate property managers, investors and developers. We are proud to partner in this investment alongside Six Pillars Partners, a team with vast human capital management operating experience, and Liberty’s talented leadership team, led by Ken Bohan.”
Merit provided subordinated debt and equity in this investment. Please contact Ben Yarbrough or Sean Stanley for more details.