November 30, 2022

FDI Forum

Earn the right Invest

Caymus Equity Acquires IT Staffing System, Seneca Methods, its 2nd Financial investment out of Caymus Equity Partners Fund II

ATLANTA, September 28, 2022–(Enterprise WIRE)–Caymus Fairness Associates LLC (“Caymus Fairness”) has acquired Seneca Resources, LLC (“Seneca” or the “Enterprise”), a rapidly expanding IT staffing company based mostly in Reston, VA, with further offices in Richmond, VA, Atlanta, GA, Birmingham, AL, and Dallas, TX. The acquisition signifies Caymus Equity’s 3rd staffing expenditure and the 2nd investment out of Caymus Fairness Partners Fund II.

Started in 2010, and led by Rob Persiano, the Firm companies a nationwide buyer foundation and focuses on the supply of tough to discover, top-tier technological innovation talent able of addressing complex IT and engineering workforce wants. Seneca’s deep bench of large-conclude IT consultants has resulted in tenured associations with a lot of notable consumers spanning industries which include Government, Health care, and Monetary Expert services. Caymus Equity’s expense gives Seneca with the capital assistance vital to continue on enlargement with current purchasers, penetrate new field verticals and geographies, and pursue strategic acquisitions.

“Seneca’s customers have specialised IT requirements demanding sure talent sets a lot of corporations uncover tough to recruit internally and other, considerably less specialized staffing corporations struggle to offer. Our achievement at Seneca is the final result of a differentiated talent pool designed above the earlier ten years, really responsive shipping and delivery design, and prolonged-time period associations with both our consultants and shoppers,” commented Mr. Persiano. “Caymus Equity’s historical successes in the staffing place and a shared eyesight for the long run advancement strategy for Seneca strongly resonated with the total administration team.”

“With the digitization of the global financial state and the remarkable growth that the IT staffing field has experienced as a result, Seneca presented us with an option to leverage our working experience and current associations in the marketplace,” commented Blake Cummings, Principal and investment-direct at Caymus Fairness. “We could not be a lot more excited to husband or wife with Rob and the Seneca team to proceed creating the small business into the leading IT staffing corporation in the business.”

“This transaction continues to deepen our staffing knowledge at Caymus Fairness, and also furthers the financial commitment momentum we have in our first committed fund, Caymus Equity Partners Fund II,” commented Geoff Faux, Running Partner. “We are enthusiastic to assistance Rob and his team and search ahead to increasing the business enterprise with each other.”

Caymus Equity’s staffing encounter incorporates a prior investment in Hospitality Staffing Alternatives, the nation’s largest company of total-time staffing companies to motels, resorts and casinos, and a recent expense in PlanIT Team, a technological innovation consulting organization supplying IT consulting and staffing providers to a world wide client foundation.

The financial investment in Seneca on September 21, 2022 marks Caymus Equity’s fourteenth platform expense, and next financial commitment out of Caymus Fairness Associates Fund II.

To study more about Seneca assets, stop by http://www.senecahq.com/

To discover more about Caymus Fairness, pay a visit to https://www.caymusequity.com/

Caymus Fairness Associates

Started in 2001 and with places of work in Atlanta and New York, Caymus Equity Companions is a foremost personal fairness firm centered on manage transactions in the decrease center market. We invest in financially rewarding companies with major upside probable where the homeowners and management teams are in search of a benefit-added lover to aid gas growth. Our partnerships middle about mutual tradition, small business values, and aims as the basis for driving sustainable growth and benefit for all stakeholders. We attempt to do the job with management to establish and refine method and offer aid whilst leaving working day-to-day execution to the operators of the company.

Caymus Equity Partners’ other holdings involve PureRED, a supplier of a special mixture of advertising and marketing solutions that increase income and client engagement for globe course retail, consumer packaged products and small business-to-company enterprises Excel Bodily Therapy, a premier service provider of sporting activities and orthopedic physical treatment and rehabilitation providers in northern New Jersey TriplePoint, a total-service mechanical contractor with functions across six states in the Midwest Pan-Am Dental, a entire-support maker and distributor of superior high quality custom dental products and solutions PlanIT Team, a service provider of a full suite of IT consulting and staffing methods to the govt and business sectors Colorado Barricade, a supplier of roadway security, pavement marking, targeted traffic regulate, and signal set up methods for industrial consumers, utility contractors and roadway infrastructure maintenance providers in the Rocky Mountain region and Overland Vehicle Systems, a main branded provider of outside and automotive aftermarket components and accessories for Overlanding and off-roading lovers.

See supply version on businesswire.com: https://www.businesswire.com/information/household/20220928005814/en/

Contacts

Garrison Hogan
Tel: 404-995-8331
E-mail: [email protected]