Houlihan Lokey Advises A&M Capital Partners

Houlihan Lokey is pleased to announce that A&M Capital Partners (AMCP) has acquired P2P Staffing Corp. (P2P), a leading provider of professional staffing, locum tenens staffing, and solutions through brands TekPartners and MPLT Healthcare (MPLT). The transaction closed on December 23, 2021.

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $2.5 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates, and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors, including business services, industrials, manufacturing, food and beverage, healthcare, consumer and retail, government services, financial services, and energy services. More broadly, Alvarez & Marsal Capital is a multistrategy private equity investment firm with over $3.8 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (A&M), one of the largest operationally focused advisory firms in the world.

Founded in 2002, P2P provides IT staffing, professional services, and infrastructure solutions through its TekPartners brand. The company provides physician and advanced practice provider staffing through locum, locum-to-perm, and direct hire options through its MPLT division. P2P maintains six offices across the United States, with branches in Florida, North Carolina, and Wisconsin.

Vito Scutero, Harris Katz, and Jay Mays, co-founders of P2P Staffing Corp. and veterans of the professional staffing industry, along with P2P’s senior leadership team, will invest alongside AMCP in the transaction.

“We are very excited about this partnership because it signifies the beginning of a new chapter in P2P history,” said Jay Bevilacqua, CEO of P2P Staffing Corp. “A&M Capital Partners has the experience and resources that make them the ideal partner as we take our growth strategies to the next level and accelerate our company’s evolution.”

“We have been impressed by P2P’s strong leadership team and long track record of historical growth,” said Michael Odrich, Managing Partner and Founder of AMCP. “P2P is an attractive platform for investment in the professional staffing and solutions space, and we look forward to supporting the business’s continued growth organically and through M&A.”

“We are extremely excited to partner with the company’s experienced management team to support P2P in its next phase of growth,” said Alex Nivelle, a Partner of AMCP. “We see significant growth opportunities ahead as the company continues its expansion into new geographies, end markets, and specialties.”

Houlihan Lokey served as the exclusive financial advisor to A&M Capital Partners.

Houlihan Lokey’s Human Capital Management team is among the most active M&A advisors in the market, having closed 15 transactions in the past 12 months and 42 transactions in the past five years. This most recent transaction further strengthens Houlihan Lokey’s leadership in the business services universe and highlights its continued momentum and leadership in the HCM and professional services sector, which includes staffing, recruitment, IT/professional services, VMS, MSP, RPO, talent management, and PEO.