Global-O&O

SOURCE: Press Release
DATE: July 7, 2008

 

Gordian Capital, LLC today announced the completion of a growth investment in Staff One, Inc., a leader in the HR Outsourcing industry with a highly accredited Professional Employer Organization (“PEO”) service offering. This addition of capital and resources will enable Staff One to invest in technology, expand its product offerings and grow its customer base.

 

“Our vision for Staff One has always been to build a strong and profitable company, based on the belief that small business owners should be free to focus on their core business while we serve their HR and benefits needs. Our partnership with Gordian Capital allows us to expand our reach and continue to fulfill this mission,” said Dell Wood, Founder of Staff One, Inc.

 

Robert Befidi, Jr. and Mark R. Sinatra, co-founders and managing directors of Gordian Capital, will assume senior executive positions in Staff One. Their company’s active management strategy ensures a seamless change in ownership, creating a mutually beneficial relationship for business owners, employees, customers and shareholders.

 

“We are impressed with Staff One’s HR services platform and expect our investment to build upon a strong tradition of success for its clients, partners and employees,” said Mark Sinatra of Gordian Capital.

 

Terms of the transaction were not disclosed.

 

About Staff One

 

Founded in 1988, Staff One is a leader in the Human Resources Outsourcing industry with an ESAC accredited and bonded PEO service offering. The Company is a preferred provider of outsourced human resources management services that include, benefits and payroll administration, health and workers compensation insurance programs, personnel records management, employer liability management, employee performance management and employee training and development services to small and medium-sized businesses. Staff One is headquartered in Durant, Okla., with offices in Dallas, Little Rock, Ark., Nashville, Tenn., and Tulsa, Okla. For more information, visit www.staffone.com.

 

About Gordian Capital, LLC

 

Based in New York and Minneapolis, Gordian Capital is an investment firm that seeks to acquire and actively operate privately-held companies with revenues of $5-$50 million. The firm takes an active management role in the companies it acquires, providing continuity and long-term growth. For more information, visit www.gordiancapital.com.

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