BROOKFIELD, WI – August 2, 2012 – Pinstripe, Inc., the nation’s leading pure-play recruitment process outsourcing (RPO) provider, today announced it has received an equity investment to support its strategic growth from Accel-KKR, a leading technology-focused private equity firm.
“Pinstripe’s reputation for delivering outstanding client results and having the best employees in the industry gave us the opportunity to choose from many interested financial partners,” said Sue Marks, CEO of Pinstripe. “We quickly became convinced Accel-KKR will provide the support and independence Pinstripe needs to break new ground and elevate the company to an unrivaled level of industry leadership.”
Pinstripe views Accel-KKR’s interest as an affirmation of the strength of the Human Capital and RPO industries and a reinforcement of the important role that independent providers will continue to play in the evolution of the offering. As consolidation has changed the competitive landscape, Pinstripe remains strictly focused on delivering customized, innovative talent and RPO solutions to clients who seek true transformation of their talent acquisition function.
“Pinstripe has demonstrated all the characteristics that Accel-KKR looks for: a top management team, proven market leadership, a world-class client base, a superior service delivery model and an industry-leading technology platform,” said Greg Williams, Managing Director at Accel-KKR.
“Sue and her team have demonstrated sustained and scalable growth since Pinstripe’s inception,” added Dean Jacobson, Principal at Accel-KKR. “We look forward to working in partnership with Pinstripe’s capable, experienced management team to facilitate the execution of Pinstripe’s ambitious growth plan.”
Rob Palumbo, Managing Director at Accel-KKR, will join Williams and Jacobson as the newest members of Pinstripe’s board of directors.
Pinstripe has been included on HRO Today magazine’s Baker’s Dozen list for four consecutive years, and was recently identified as a 2012 RPO Star Performer in the Everest Group PEAK Matrix. The firm also received the 2012 North America Recruitment Customer Relationship of the Year award from the Human Resources Outsourcing Association.
This investment will build on the growth Pinstripe achieved with its previous financial partners, Baird Venture Partners, CID Capital and the State of Wisconsin Investment Board. The terms of the deal were not disclosed. Learn more about Pinstripe’s solutions at www.pinstripe.com.
About Pinstripe, Inc.
Pinstripe, Inc. is the nation’s leading pure-play recruitment process outsourcing (RPO) provider. Pinstripe delivers customized solutions that help clients align talent strategies to business objectives. Consistent with Pinstripe’s brand promise “We Become You,” dedicated recruitment teams act as an extension of the human resources function, providing a tailored candidate experience reflective of the client’s brand, values and culture. Pinstripe primarily services clients in the healthcare, advanced manufacturing, financial service, and technology industries. For more information, please visit www.pinstripe.com or engage with us on LinkedIn, Facebook, Twitter, YouTube or our blogs.
About Accel-KKR
Accel-KKR is a technology-focused private equity firm with $2.3 billion in assets under management. The firm invests primarily in software and technology-enabled businesses well positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the significant resources available through the Accel-KKR network. Accel-KKR has a particular focus on buyouts and recapitalizations of family-owned or closely-held private companies, going-private transactions and divisional buyouts of larger companies. It invests across a range of structures, functions as minority or majority investors and commits a wide range of capital – from less than $10 million to over $100 million. The firm has offices in Menlo Park and Atlanta. For more information, please visit www.accel-kkr.com.
