ATLANTA (January 6, 2020) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce firm client, the Adecco Group, has completed the $612 million sale of Soliant Health, its U.S. healthcare staffing business, to Olympus Partners. SGR served as legal counsel to the Adecco Group in the transaction which closed on December 31, 2019. The sale is part of the HR solutions partner’s strategy to concentrate on globally scalable brands and digital solutions.
Soliant Health joined the Adecco Group in 2009 through the MPS Group acquisition and has since experienced strong growth. The sale to private equity firm, Olympus Partners, will provide Soliant Health with additional growth potential to expand outside the U.S.
The SGR legal team included Partners Jay Schwartz, Eric Mandus, Julie Sebastian, and Nicholas Rueter, along with Associates Nicholas Flint and Michael Tyner, Jr. in the Atlanta Mergers and Acquisitions Practice. Partner Tom Hong and Associate Jonathan Hurt, also of the Atlanta Mergers and Acquisitions Practice, handled the Hart-Scott-Rodino filings. Partner Joseph Mandarino of SGR’s Atlanta Tax Practice and Partner Brandon Sherlinski of the Jacksonville Employee Benefits and Executive Compensation Practice assisted.
About the Adecco Group
The Adecco Group is the world’s leading HR solutions partner. We provide more than 700,000 people with permanent and flexible employment every day. With more than 34,000 employees in 60 countries, we transform the world of work one job at a time. Our colleagues serve more than 100,000 organisations with the talent, HR services and cutting-edge technology they need to succeed in an ever-changing global economy. As a Fortune Global 500 company, we lead by example, creating shared value that meets social needs while driving business innovation. Our culture of inclusivity, fairness and teamwork empowers individuals and organisations, fuels economies, and builds better societies. These values resonate with our employees, who voted us in the top five on the Great Place to Work® – World’s Best Workplaces 2018 list, for the second year running. We make the future work for everyone.
The Adecco Group is based in Zurich, Switzerland. Adecco Group AG is registered in Switzerland (lSlN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN). The group is powered by ten lead brands: Adecco, Adia, Badenoch & Clark, General Assembly, Lee Hecht Harrison, Modis, Pontoon, Spring Professional, Vettery and YOSS. For more information about The Adecco Group, please visit www.adeccogroup.com.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s 250 attorneys provide legal counsel in more than 45 specialized practice areas, including aviation, corporate transactions, litigation, intellectual property, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta; Austin; Jacksonville; London; Los Angeles; Miami; Munich; New York; Southampton, U.K; and Washington, D.C.