January 29, 2019- Irvine, CA – De Bellas & Co., Investment Banking, (“De Bellas”) is pleased to announce another successful transaction in the staffing and workforce solutions industry. De Bellas served as the exclusive strategic and financial advisor to Kelly Services in its sale of Kelly Legal Managed Services (KLMS) (formerly Kelly Law Registry) to Trustpoint.One. This transaction further demonstrates De Bellas’ position as the industry leader in advising and representing staffing and workforce solutions industry exclusively, with over 230 completed transactions in the space.
Kelly Services (Nasdaq: KELYA, KELYB) sold its legal staffing business unit to Trustpoint.One. “De Bellas & Co.’s extensive knowledge of and connections in the staffing industry were invaluable in creating a pool of potential buyers,” said John Drew, vice president and managing director, Global Managed Solutions, Kelly Services. “The De Bellas team was responsive and managed the process, making it very seamless for us.”
Kelly Legal Managed Services ranked seventh on Staffing Industry Analysts’ list of largest legal staffing firms in the U.S. in 2017 (based on 2016 revenue).
The acquisition of KLMS enhances Trustpoint’s growing footprint and ever-expanding suite of legal staffing and comprehensive legal solutions. “I couldn’t be happier with this expansion of the Trustpoint brand to include KLMS. We are very pleased to welcome the Kelly team and the clients they serve to the Trustpoint family,” said Mark Hawn, chief executive officer of Trustpoint.One.
“We can now provide our clients a more complete portfolio of business and legal solutions. We are elated to join forces with the Trustpoint team and look forward to supporting the continued growth and success of our clients, employees and partners,” said Jennifer Grossman, Esq., senior director and global practice leader for KLMS.
About Trustpoint.One® – Trustpoint.One offers innovative business and legal solutions for leading law firms, corporations and government agencies worldwide, including: eDiscovery, Managed Review, Legal Staffing, Court Reporting, Translations and IT Staffing Solutions. Visit trustpoint.one
About Kelly Services® – As a global leader in providing workforce solutions, Kelly Services, Inc., and its subsidiaries, offer a complete array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire and direct-hire basis. Kelly directly employs nearly 500,000 people around the world in addition to having a role in connecting thousands more with work through its global network of talent suppliers and partners. Revenue in 2017 was $5.37 billion. Visit kellyservices.com
About De Bellas & Co.
De Bellas & Co, is the leading investment banking firm in merger and acquisition advisory services, exclusively for the staffing and workforce solutions industry, bringing over 30 years’ experience and over 230 transactions in this specialty. De Bellas & Co.’s success is driven by a commitment to serving as a strategic and financial advisor, to meet the long-term needs of its clients. Please visit debellas.com for more information.
Securities and investment banking services offered through Independent Investment Bankers Corp. a broker-dealer, Member FINRA/SIPC. De Bellas & Co., LLC is not affiliated with Independent Investment Bankers Corp. www.iibcorp.com www.finra.org www.sipc.org