Edustaff has been sold to PPC Enterprises
Headquartered in Grand Rapids, Michigan, Edustaff is one of the nation’s largest providers of outsourced substitute, paraprofessional and support staff solutions to K-12 school districts and community colleges. Founded in 2010, the company serves as the exclusive outsourced substitute teacher management provider to its expanding base of clients across the nation. Edustaff’s turn-key offering supports recruitment, substitute management and payroll processing for employees provided to its client districts. As districts across the country consider solutions to address shortages of qualified substitute teachers and other staff, the company continues to play a critical role in supporting the public education sector’s needs. Edustaff currently serves more than 550 customers across 11 U.S. states.
Edustaff sought a new capital partner to provide liquidity and support the company as it executes its long-term growth strategy. Lincoln International was retained by Edustaff’s private shareholders as exclusive financial advisor to manage the transaction and worked closely with management to craft compelling marketing materials. By leveraging industry expertise and proprietary insights, Lincoln was able to drive a highly competitive process involving both financial and strategic acquirers, ultimately leading to an exceptional outcome for all stakeholders.
Clark Galloway, President and significant shareholder of Edustaff, stated “Under the expert guidance of the Lincoln team, Edustaff undertook a very deliberate process to identify the right capital and operational partner who shares the same core values, vision of education and service ethic for the public education sector. We are grateful and excited to have entered into such a partnership with PPC.”
Zack Shah, Managing Director and head of Lincoln’s Education Services practice, commented, “Edustaff’s best-in-class offering sits well at a critical crossroads in an evolving K-12 learning environment, providing vital talent solutions to districts, teachers and its community partners. We are pleased to have advised management and the shareholders on the sale and look forward to watching Edustaff lead the way in solving the teacher shortage challenge in classrooms across the United States market.”
PPC Enterprises is a New York-based private equity (PE) firm with more than 200 years of combined PE experience and manages more than $1.2 billion in committed capital on behalf of pensions, endowments, insurance companies and foundations. PPC invests in a select group of industries, including business and financial services, industrial services and healthcare services. For more information, please visit www.ppcenterprises.com.
Under the expert guidance of the Lincoln team, Edustaff undertook a very deliberate process to identify the right capital and operational partner who shares the same core values, vision of education and service ethic for the public education sector.
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