Stamford, CT – October 9, 2023: TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive M&A advisor to Chartwell Staffing Solutions (“Chartwell” or the “Company”), a prominent player in the staffing industry, on its sale to Partners Personnel. The transaction was completed on June 26, 2023.

Partners Personnel’s strategic acquisition of Chartwell Staffing Solutions and its 26 offices marks a significant milestone in its growth journey. With this acquisition, Partners Personnel believes it will further strengthen its position as a market leader, expand its geographic reach, and enhance its ability to offer a broader range of staffing services to clients and job seekers alike. The combined expertise and resources of both organizations will enable Partners Personnel to deliver even more value to its clients, helping them meet their staffing needs efficiently and effectively

Paul Sorensen, CEO of Partners Personnel, expressed his enthusiasm about the acquisition, saying, “We are excited to welcome the Chartwell team into the Partners Personnel family. This strategic move aligns perfectly with our growth strategy and reaffirms our commitment to providing top-notch staffing solutions. We look forward to integrating Chartwell Staffing’s expertise and building a stronger, more dynamic organization that will benefit our clients, colleagues, and associate employees.”

Jack Madden, COO of Chartwell Staffing Solutions, also shared his thoughts on the acquisition, stating, “Joining forces with Partners Personnel is a remarkable opportunity for Chartwell Staffing Solutions. We believe that this partnership will allow us to expand our capabilities and serve our clients and employees with even greater dedication. We are excited about the synergies that will emerge from this collaboration and the positive impact it will have on our stakeholders.”

About Partners Personnel:

Partners Personnel has been named by Staffing Industry Analysts as one of the “Fastest-Growing US Staffing Firms” and as a “Best Staffing Company to Work For.” Partners is a leading staffing and workforce solutions provider committed to connecting businesses with top talent and helping job seekers find fulfilling employment opportunities. With a customer-centric approach, Partners Personnel has been delivering staffing solutions that drive success for clients across various industries.

About Chartwell Staffing Solutions:

Chartwell Staffing is a well-established staffing agency known for its dedication to matching businesses with skilled workers. With a history of providing staffing services that meet the unique needs of its clients, Chartwell Staffing has built a reputation for excellence in the industry.

Any further inquiries can be directed to TrueNorth at the contact information provided below:

Jeffrey Gaynor, Managing Director
Direct Dial Phone Number: (203) 817-0277
Email address: jgaynor@truenorthcp.com

About TrueNorth Capital Partners LLC:

TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford CT, Charleston SC, Central, NJ, Naples, FL, Minneapolis, MN and London, UK, TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.

About Scout Valuations LLC:

Scout Valuations, a wholly owned subsidiary of TrueNorth, is fully dedicated to business valuation. We provide thorough, independent valuation analyses together with superior client service and responsiveness. Our analyses combine a detailed understanding of the business, industry and economic context, with the insight to address complex valuation issues regarding your business.