Private equity house The Halifax Group has completed an investment in The Liberty Group, a provider of specialty temporary staffing, executive search, and employee screening services to the multifamily residential real estate industry.
Liberty was a portfolio company of Merit Capital Partners and Six Pillars Partners prior to the deal.
The company, which was founded in 1977, operates in 30 markets across 23 states.
It provides high-quality candidates to fill short-term staffing needs across a variety of positions, including maintenance technicians, leasing agents, groundskeepers, porters, and others, as well as sourcing and placing highly skilled and experienced candidates into roles across multifamily real estate operations and management.
Halifax senior partner Doug Hill said, “Apartment buildings have historically been challenged by high employee turnover and seasonal swings in maintenance and leasing activity, driving demand for temporary staffing services.
“Continued growth in the number of apartment units will likely only exacerbate these challenges.
“Liberty’s core temporary staffing solution allows the company’s property management clients to meet their year-round staffing needs and provide a great resident experience.”
Halifax targets lower middle-market businesses with total enterprise values generally between $50m and $300m.
It is currently investing out of Halifax Capital Partners IV, a $650m vehicle it closed in 2017.
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