Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Global Technology Associates, LLC (“GTA”) has been acquired by Kelly Services (“Kelly”). Evergreen Advisors Capital acted as the exclusive financial advisor to GTA. Lacki & Company, LLC provided legal advice to GTA.
GTA is a leading provider of high-value engineering, technology, and business consulting services to the telecommunications industry – assisting clients with maximizing infrastructure potential and evolving networks and services to address market opportunities. Bridging the gap between business and technology, GTA provides a wide range of services tailored to address client needs across the telecommunications value chain – from the network edge to the network core, and the enabling technologies being developed and deployed to deliver next-generation services.
“We explored several strategic alternatives to address our future growth opportunities. Kelly’s brand recognition and size support GTA’s growth objectives,” said Farzad Ghassemi, Executive Chairman of GTA, “The partnership with Kelly is a great outcome for our employees and clients. ”
Joe Statter of Evergreen Advisors Capital noted, “As one of the largest independent telecommunications engineering companies offering end to end solutions, GTA is well-positioned to address the coming shift to next-generation, 5G wireless technologies among the carrier and OEM communities. The transaction will provide the human capital and financial resources for GTA’s continued growth and expansion while enhancing Kelly’s global capabilities.”
Terms of the transaction were not disclosed.
About Evergreen Advisors Capital
Evergreen Advisors Capital, LLC is a leading investment banking and corporate advisory firm focused on assisting emerging growth and middle-market companies in the areas of corporate finance, growth and exit strategies, valuations and advisory services. For more information, visit www.evergreenadvisorsllc.com/
Securities transactions conducted through Evergreen Advisors Capital/Member FINRA/SIPC.
GTA is a leading independent provider of high-value engineering, technology, and business consulting services to the telecommunications industry. Assisting clients with maximizing infrastructure potential and evolving networks and services to address market opportunities, GTA leverages their talented and experienced consultants to execute through technical excellence, proven methodologies, and a commitment to providing superior service. Bridging the gap between business and technology, GTA provides a wide range of services tailored to address both service provider and OEM client needs
A global leader in providing workforce solutions, Kelly Services, Inc. (NASDAQ: KELYA, KELYB) and its subsidiaries, offer a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire, and direct-hire basis. Kelly® has a role in managing employment opportunities for more than one million workers around the globe by employing 500,000 of these individuals directly with the remaining workers engaged through its talent supply chain network of supplier partners. Revenue in 2017 was $5.4 billion.
About Lacki & Company
Lacki & Company, LLC is a boutique law firm servicing emerging and middle-market companies with their corporate and transactional matters, advising businesses on growth and investment strategies, merger prospects, sustainability, brand value and earnings quality. For more information visit www.lackico.com.