De Bellas & Co. is the leading investment bank focused exclusively in the staffing and workforce solutions industry, bringing extensive expertise in mergers and acquisitions, divestitures, and financial advisory services for its clients. Since 1983, De Bellas & Co. has specialized in serving enterprises whose primary value arises from intangible assets, or human capital. Our focus is the middle market, where we provide advice and guidance based on years of experience with entrepreneurs confronting once-in-a-lifetime decisions. We provide senior-level service and attention on all transactions, large and small, international and domestic, and both public and private. Our bankers have relationships with hundreds of strategic and financial buyers—and the ability to identify the most likely and best-suited parties to a transaction. Visit our website at www.debellas.com View full listing
Chicago-based Arlington Resources, Inc. Acquired by National Workforce Solutions Provider Cornerstone Staffing Solutions, Inc.
De Bellas & Co. Investment Banking has announced that Arlington Resources, Inc. (“Arlington”), a leading provider of Human Resources (HR), Finance, and Accounting Professionals, has been acquired by Cornerstone Staffing Solutions, Inc. based in Pleasanton, California. Terms of the transaction were not disclosed.
Headquartered in Rolling Meadows, IL, Arlington is a privately-held staffing firm in the Chicago metropolitan area. Arlington is a nationally accredited, best in class recruitment firm founded in 1997 by Patricia Casey. The company offers temporary, temporary-to-hire, and direct hire services to customers ranging from small businesses to Fortune 500 companies.
“Both of our firms, Arlington Resources and Cornerstone Staffing Solutions, exhibit strong core values, have stellar reputations for ‘doing the right thing’ for and with our customers and associates, and our core competencies match well. Because of this, we are very excited about our partnership and the additional resources we will have available to help our clients,” said Patty Casey, president of Arlington.
Steve Drexel, president and CEO of Cornerstone Staffing Solutions said “Arlington Resources has a long history with impressive operations. This new chapter of our companies will be filled with many opportunities to expand our reach and diversify our staffing services as our core values and competencies match very well. I am pleased that Patty Casey agreed to join the Cornerstone executive team as President of the Arlington Resources Division of Cornerstone.”
In reference to the M&A Advisors who facilitated the transaction, Patty Casey said, “De Bellas & Co.’s experience in the industry was evident as they ran a thorough process to identify the right buyer for our organization. We are elated about joining Cornerstone Staffing Solutions and we are thankful to De Bellas & Co.’s expertise and knowledge in bringing us together.”
De Bellas & Co. acted as the exclusive financial advisor to Arlington in the transaction.
About Arlington Resources
Arlington Resources was founded in 1997 by Patricia Casey. The company offers a “boutique style” approach to recruiting, talent selection and staffing of Human Resources, and Accounting and Finance Professionals to the greater Chicago area. As a nationally accredited, best in class recruitment firm, their staff is well networked in the HR community, tenured and industry certified. The company has been awarded Inavero’s Best of Staffing acknowledgement for Client Satisfaction in 2014, 2015, 2016 and 2017, as well as Best of Staffing – Talent Satisfaction for 2016 and 2017. Arlington has been listed on the Inc. 5000 list five times.
About Cornerstone Staffing Solutions
Cornerstone Staffing Solutions ranks among the largest staffing firms in America and received Inavero’s Best of Staffing® Client Award in 2016 and 2017. Since 2003, Cornerstone has grown from a neighborhood staffing provider to a $100 million national firm that employs thousands of people at hundreds of companies from coast to coast. The Company provides candidate searching and job placement for administrative, industrial, technical, sales and transportation positions.
About De Bellas & Co. Investment Banking
De Bellas & Co. is the leading investment banking firm focused on providing merger & acquisition and other financial advisory services exclusively to the Staffing and Workforce Solutions industry. Since 1983, De Bellas has completed over 225 M&A transactions in this space.