Littlejohn Capital, a family office owned by Angus C. Littlejohn Jr., the co-founder of Littlejohn & Co., recently announced the sale of its portfolio company Hospitality Staffing Solutions.
CEO of HSS Tim McPherson stated, "As a recognized industry leader offering the highest quality of staffing and related managed services, we enable our hospitality partners to focus on their core business. Our partnership with the Littlejohn Capital, Caymus, and the entire team has been very productive and enabled us attract a world-class management team to expand our company's reach and services to outstanding resorts, hotels, casino properties, and more. We are very well positioned as an integral part of KBS to benefit from the positive ongoing industry dynamics and see many opportunities to build on our progress even further with augmented service offerings, entry into new geographies, and pursuit of select acquisition targets."
Speaking on behalf of Littlejohn Capital, Director Angus C. Littlejohn III, commented, "HSS is an example of our ability to source unique investment opportunities and utilize a combination of operating and financial skill sets that will lead companies to their next stage of development. Working with Tim and his team during our investment period we leveraged HSS's experience and national scale to create the leading provider of solutions that deliver an attractive and more economical solution for their customers' hospitality management needs."
Founded in 1990 in Atlanta, HSS proudly claims a leading market share at the world's leading hotel brands and management companies. The company has 60 branch offices and manages a daily workforce of over 9,500 people.
