CHICAGO and CLEVELAND, Jan. 5,
2017 /PRNewswire/ -- Brown Gibbons Lang & Company
(BGL) is pleased to announce the sale of Personnel Management
Systems, Inc. (PMSI) to Asure Software, Inc. (NYSE: ASUR). BGL's
Business Services team served as the exclusive financial advisor to
PMSI in the transaction.
Personnel Management Systems (PMSI) is one of the largest
providers of HR services in the Pacific Northwest. The company
operates a full-service HR outsourcing model to address HR issues
for small- and mid-sized businesses in the following areas:
employment, group benefits, management resources, policy and
procedures, HR administration, wage and salary issues, employee
relations, training and development, safety and drug programs, and
recruiting. PMSI was founded in 1987 and is based in
Seattle, Washington.
With the acquisition, Asure will expand into HR consulting and
enhance its software and service offering. Asure's suite of
offerings ranges from HCM workforce management solutions, time and
attendance to workspace asset optimization and meeting room
management solutions.
PMSI President, Jack Goldberg,
commented, "I want to sincerely thank the Business Services team at
BGL for their advice and effort throughout the process that
culminated in the sale of PMSI to Asure Software. As the
leading provider of HR services in the Seattle area for over 25 years, we are very
proud of our people and the quality of our work. Asure
Software is an excellent partner. The acquisition provides us
with new client tools and resources, and allows us to expand our
model nationwide and eventually on a global scale."
The BGL Business Services team is a leading advisor in the HR
and HR technology sector. PMSI is the third closed transaction in
the space in the last six months.
About Brown Gibbons Lang & Company
Brown Gibbons
Lang & Company is a leading independent investment bank serving
the middle market. BGL specializes in mergers and acquisitions
advisory services, debt and equity placements, financial
restructuring advice, and valuations and fairness opinions, with
global industry teams in Business Services, Consumer, Environmental
& Industrial Services, Healthcare & Life Sciences,
Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in
Chicago, Cleveland, Irvine, and San
Antonio, in addition to Global M&A partner offices in
more than 50 countries across 5 continents. BGL is able to
deliver to our clients unparalleled access to strategic
relationships, investors, and opportunities globally. For more
information, please visit www.bglco.com.
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