About the First Step Deal
Atlanta, GA (January 10, 2018) – Mufson Howe Hunter, a leading investment banking firm serving companies in the middle market, is pleased to announce the sale of certain assets of On Time Staffing, LLC to First Step Staffing Inc. Terms of the transaction were not disclosed.
Founded in 2007, First Step Staffing Inc. was designed to address a critical gap in homelessness services in metro Atlanta with a mission is to end homelessness by assisting people to secure income sufficient to maintain housing through. While focused on its mission, First Step also aims to offer best in class service for companies using temporary staffing services. This social enterprise approach utilizes a unique, transitional job placement model, placing individuals who are able to work into selected jobs and providing critical wrap-around support services, such as transportation and job coaching that increase job retention. After a major expansion in Atlanta in 2015, First Step became the largest, nonprofit temporary staffing agency in the country. With the recent replication efforts in Philadelphia, First Step will nearly double its mission-driven impact.
Mufson Howe Hunter acted as a financial advisor to First Step Staffing Inc., working with the Company’s management team and lending group during the acquisition process.
Mufson Howe Hunter, an investment banking firm established in 2004, focuses on merger and acquisition transactions and the placement of growth capital for middle market companies. MHH’s senior investment bankers each have over two decades of transactional experience across many industries, including business services, consumer products, information technology, manufacturing and retail services. MHH advises both publicly- and privately-held companies, with a particular focus on family-held and private equity-backed businesses.