Southfield-based managed service provider, Bartech Group Inc., has been sold to Impellam Group Plc, a United Kingdom-based staffing company. Financial terms of the agreement were not announced.
Boston-based Sverica Capital Management, a private equity investment firm, acquired a majority interest in Bartech in 2012, and promoted David Barfield to president and CEO. Barfield says Sverica supported decisions and investments including adding to management depth, global resources, facilities, and infrastructure enhancements.
“My team and I have enjoyed our partnership with Sverica — their support of our team and vision to position Bartech to compete in the growing and rapidly evolving staffing industry has resulted in a better and stronger Bartech,” Barfield says. “Now our team looks forward to joining Impellam Group and becoming an important component of their North American strategy.”
Bartech, founded in 1977, manages or employs more than 30,000 consultants daily across multiple markets. Impellam Group provides managed services and specialist staff across the United Kingdom, North America, Asia, and Europe.
“Together with the leadership of David Barfield and his management team, we have grown the company over the last three and a half years into an asset that is well positioned to now go to the next level (in) leading Impellam’s North American contingent labor strategy,” says Dave Finley, managing director at Sverica.