Swift Worldwide Resources Acquired by Wellspring Capital Management

Thursday, November 7, 2013

William Blair & Company acted as the exclusive financial advisor to Swift Worldwide Resources, a portfolio company of Gresham Private Equity, in connection with its sale to Wellspring Capital Management. The transaction closed on October 31, 2013.

Transaction Highlights

  • Deep Staffing Sector Knowledge: Swift and Gresham were attracted to William Blair’s extensive knowledge and experience within the staffing and HR services industry. This transaction represents William Blair’s 32nd staffing and HR services transaction over the past seven years, representing more than $3 billion in aggregate transaction value. William Blair’s institutional knowledge is additionally supported by 12 companies under research coverage.
  • Global Reach: The transaction team marketed Swift to a global set of potential acquirers and coordinated a global due diligence process. This led to a highly successful outcome for our clients by providing a cross-border transaction team offering seamless coverage for Swift’s U.K.-based sponsor owner, U.S. headquarters, and global operations reaching across more than 30 countries.

About the Companies

Based in Houston, Swift is one of the world’s leading providers of contract engineers and other skilled personnel to the global oil and gas industry. Swift’s client focus is on blue chip, multinational energy companies in the exploration and production sector. The company provides services ranging from personnel selection to complete mobilization in countries as diverse as Azerbaijan, Australia, China, and the U.S. Swift currently has more than 3,000 contractors in active placements across 23 offices in 35 countries.

Gresham is a specialist U.K. lower mid-market growth investor, focusing on management buy-outs of companies typically valued up to around £100 million.

Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital.


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