Houlihan Lokey Advises ettain Group

Houlihan Lokey is pleased to announce that ettain group (ettain), a leader in talent solutions, has been acquired by ManpowerGroup® (NYSE:MAN) (Manpower), a leading global workforce solutions company, for $925 million in cash. The transaction closed on October 1, 2021.

ettain group, one of the largest privately held IT resourcing and services providers in North America, delivers talent solutions across its technology, healthcare IT, digital, professional, and government practice areas. Founded in 1996, ettain has 28 offices located in 24 key regions across North America and is consistently recognized as a leader in the space. For the 12 months ended June 30, 2021, ettain pro forma revenues and pro forma EBITDA were approximately $724 million and $75 million, respectively. Pro forma results assume ettain acquired businesses at the beginning of the period.

ettain will become part of Experis, ManpowerGroup’s global IT resourcing and services brand, and when combined, the business will have total annual revenues of more than $4.5 billion globally with more than $1.7 billion in North America. The combination will increase strength in delivering IT services to the higher growth financial services and healthcare industries.

ettain group is a leading talent solutions company that delivers recruitment solutions and managed solutions in five practice areas: technology, healthcare IT, digital, professional, and government. With nearly 5,000 employees and consultants currently at work, ettain offers opportunities across North America and is a proud recipient of ClearlyRated’s Best of Staffing Diamond Award for both client and talent satisfaction for 10 consecutive years, an honor achieved by less than 1% of the industry.

ManpowerGroup®, a leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. Manpower develops solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Manpower’s family of brands—Manpower, Experis, and Talent Solutions—creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for over 70 years.

Houlihan Lokey served as the exclusive financial advisor to ettain group.