LTN Staffing ~ Management Buyout ~ October 2007
LTN is a regional provider of temporary employees for companies requiring light industrial and assembly workers in the Northern Chicago and Milwaukee markets. The Company provides light-industrial staffing for low risk job classifications. LTN’s temporary employees work in a variety of manual and unskilled jobs including: light assembly, wrapping, picking, packaging, customer service, machine operations and inventory control as well as medium and high skilled labor including fork lift operators, quality control supervisors and clerical technicians.
Taglich Brothers provided the majority of the required $8.5 million of equity capital. The transaction's sponsor, Weatherly Group, LLC arranged for sub-debt financing from Brookside Mezzanine Partners and Calvert Street Capital Partners also co-investors in the company. Senior credit facilities were provided by Fifth Third Bank.
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