The Company is an outsourced human resources consultancy firm providing onsite & remote human resources (HR) management, organizational development, and selection & attraction services to a variety of end markets across the United States. The Company has established a strong reputation and is highly regarded by its clients.
Key Aspects
· The Company has a diversified client mix with no end market accounting for over 20% of revenue in 2023
· Subscription-based clients accounted for approximately 49% of revenue in 2023
· The Company generated an average revenue of $2.0 million from 2021 through 2023
· The Company generated strong financial growth with adjusted EBITDA growing at a compound annual growth rate (CAGR) of 8.2% from 2021 through the trailing twelve months (TTM) ending August 31, 2024
Opportunities
· Grow client base through the investing in a sales and marketing team · Expand HR service offerings to existing clients through cross-selling (CPA, Outsourced CFO, Employment law, Benefit, & Insurance firms)
· Provide higher level of dedicated HR professionals to existing HR call center service (Payroll firms, HR Technology providers, and PEO's)
· Target international companies with employees in the US needing HR Management support
Headquartered
· Remote
Current Markets
· The Company is industry agnostic and serves business-to-business (B2B) clients across the United States.
Real Estate
· The Company does not lease an operating facility as all employees work remotely or onsite at the client's facility.
Shareholder Objectives
· The Company is fully owned by its founder who is seeking retirement. The owner is open to a variety of deal structures and is willing to remain with the Company for a predetermined period of time to ensure a smooth transition of ownership.
