EmployBridge to Acquire Hire Dynamics

HR tech acquisitions
Read Time2 Minute, 26 Second

ATLANTA — EmployBridge, a leading provider of technology-enabled, light industrial workforce solutions in the United States, today announced that it has entered into a definitive agreement to acquire Hire Dynamics. Hire Dynamics is a top provider of light industrial workforce solutions in the Southeastern United Stateswith more than $450 million in annualized revenues. 

This transaction builds upon a recent platform investment in EmployBridge made by Apollo-managed funds and underscores EmployBridge’s commitment to growth, innovation and expanding opportunity. Post-closing, EmployBridge will be led by Billy Milam, current Chief Executive Officer (“CEO”) of Hire Dynamics and Michael Miles, current CEO of EmployBridge, will become Executive Chairman of the Board. Subject to satisfaction of customary closing conditions, the transaction is expected to be completed by the end of November.

Mr. Milam joined Hire Dynamics in 2019 as CEO and under his leadership, the company has doubled in size and received numerous accolades for best-in-class client and talent satisfaction. Prior to joining Hire Dynamics, Mr. Milam held various executive leadership roles at RaceTrac, one of the nation’s largest convenience store operators, over a twenty year career at the company including most recently President and Chief Operating Officer. 

“This transaction brings together two world-class organizations – expanding the breadth and depth of EmployBridge’s solutions and supporting accelerated strategic investments in clients, talent and technology” said Robert Kalsow-Ramos, Private Equity Partner at Apollo. “We are appreciative of Michael Miles for his contributions as CEO of EmployBridge and look forward to continuing our work together on the company’s board under Billy’s leadership.” 

“While working with Hire Dynamics during the assessment period, we were especially impressed with their CEO, Billy Milam, and we saw this as an opportunity to bring in a great executive while allowing me to return to my entrepreneurial roots and continue to help shape EmployBridge as a leader in our industry as Executive Chairman of the Board,” said Mr. Miles.

“We see this partnership unlocking incredible potential for expanded services to meet the changing needs and increased opportunities for our talent, our people, and our commercial clients nationwide,” said Mr. Milam. “EmployBridge and Hire Dynamics are leaders in our industry, and there is tremendous mutual respect between the companies for their impact and influence on today’s workforce. I am personally honored for the opportunity to lead the combined teams, and we look forward to joining forces to continue enhancing the EmployBridge platform, our culture, and growth of the combined company’s capabilities.”

Houlihan Lokey and RBC Capital Markets served as financial advisors to Apollo and EmployBridge and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Akin, Gump, Strauss, Hauer & Feld LLP are acting as legal advisors. Citizens Bank M&A Advisory acted as lead financial advisor to MSouth Equity Partners and Hire Dynamics and DLA Piper is acting as legal counsel. 

About Post Author

HR Tech Guy

Let's just say I'm an HR tech news junkie. HR techies unite!


»HR Freelance Directory

»Relocation Job Board

»Diversity Job Board

»Free Rejection Email Templates

»HR Tech Jobs

»HR Podcast Directory

»Recruiting Newsletters

»RecTech PR

»Recruiting Ebooks

»Career Site Software