Citizens Financial : M&A Advisory served as exclusive financial advisor to EdgeRock Technology Partners on its acquisition by BG Staffing

03/04/2020

Citizens M&A Advisory served as exclusive financial advisor to EdgeRock Technology Partners on its acquisition by BG Staffing

PROVIDENCE, RI- Citizens M&A Advisory served as the exclusive financial advisor to EdgeRock Technology Partners, a premier provider of specialized IT consultants, on its acquisition by BG Staffing, Inc. (NYSE: BGSF), a national provider of workforce solutions.

Founded in 2005, EdgeRock is a leading provider of highly skilled IT consultants and managed IT services. EdgeRock focuses on the sourcing and placement of technology professionals who specialize in leading software and data ecosystems, including Enterprise Resource Planning, Cloud, Business Intelligence and Customer Relationship Management. EdgeRock operates in 40 states and is supported by regional offices in Boston, Phoenix and Tampa.

Matt Murray, co-founder of EdgeRock, said: 'We were extremely pleased with the Citizens team as their intimate knowledge of the industry helped us find an exciting partner to support our continued growth. Their dedication, creativity and straightforward advice exceeded all expectations during our journey to find the right partner.'

Alan Bugler, managing director with Citizens, added: 'Matt, co-founder Tim Gibbons and their team have built a great business and we wish them continued success. We are confident that the acquisition of EdgeRock by BGSF will drive exceptional results. Both organizations are passionate about their work and that makes this an exciting business partnership.'

Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has closed more than 130 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $165.7 billion in assets as of December 31, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.comor visit us on Twitter, LinkedInor Facebook.