Construction Labor Contractors, LLC (“CLC”), a portfolio company of Silver Oak Services Partners LLC, announced that is has acquired Trade Solutions, Inc. The transaction finalized August 14, 2017.
Trade Solutions is a premier provider of skilled tradesmen to the commercial construction market in Ohio and Michigan. The company is based in Cincinnati, Ohio and has another location in Grand Rapids, Michigan, but it services clients throughout the Midwest.
“Trade Solutions has a great reputation for providing quality employees and great service to its clients, and we’re very excited to work with the Trade Solutions teams to continue growing the business. Acquiring Trade Solutions also strengthens CLC’s presence in Ohio, expands our geographic footprint and provides us with significant growth opportunities throughout the Midwestern US”, said Brad Chesin, Chief Executive Officer of CLC.
Greg Barr, Managing Partner of Silver Oak Services Partners, added “Geographic expansion into large, growing markets such as Ohio and Michigan is a key component of CLC’s long-term growth strategy, and we’re extremely pleased to add a company with Trade Solutions reputation to our existing platform.”
Overview of CLC
CLC has been a leading provider of temporary staffing of skilled tradesmen for the commercial construction market since 1997. The Company currently operates 20 locations in the Mid-Atlantic, Midwest, Southeast and Central regions and has the ability to serve customers in all 50 states. Silver Oak and management continue to focus on building the CLC platform across the United States and continue to pursue add-on acquisitions of complementary businesses in attractive geographies.
Please contact Brad Chesin of CLC or Greg Barr or David Friedman of Silver Oak for additional information.
Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $3 million to $20 million.