Onyx Capital Advisors, LLC Announces Acquisition
Onyx Capital Advisors, LLC acquires a technical staffing company in a strategic move to penetrate new markets.
(EMAILWIRE.COM, August 05, 2009 ) Detroit, MI - Onyx Capital Advisors, LLC (OCA) recently announced Onyx Intelligent Solutions, LLC (OIS), on behalf of Onyx Capital Advisory Fund I, LP, has acquired Hi-Tec Associates, Inc.
Robert Dailey, President and CEO of Hi-Tec Associates, Inc., stated: “It’s been wonderful for our organization since we’ve partnered with Onyx. The capital provides us an opportunity to grow in light of the current financial challenges and the tightening of the lending institutions.” Bob Dailey goes further to explain, “In addition to the funding, the extraordinary level of expertise and business acumen OCA brings to the table puts us in a position to leverage our backgrounds and organizational capabilities to seek strategic acquisitions that will allow continued expansion.”
Hi-Tec is a technical staffing company supplying Engineering, Information Systems, Manufacturing, Systems Design and other Technical and Administrative personnel to several industries including Aerospace and Defense. The company has corporate offices in Lakeland, FL and branch offices in Orlando, FL, Dallas, TX, St. Louis, MO, and Atlanta, GA. Amongst the company’s client list is Boeing, Lockheed Martin, Westinghouse, McDonnell Douglas, General Dynamics, and a host of others. The US Bureau of Labor Statistics estimates the staffing industry will grow faster and add more jobs than just about any other industry in the next decade. “The acquisition is highly strategic and the improved efficiency to core processes provides the ability to identify growth opportunities and penetrate new markets,” states Roy Dixon, Managing Partner at OCA.
About Onyx Capital Advisors, LLC
Onyx Capital Advisors, LLC, led by Roy Dixon Jr., is a private equity investment firm with in-depth industry knowledge, and highly developed processes for growing and improving businesses. The firm’s focus is on established, domestic, primarily middle-market companies with annual revenues between $10 million and $250 million.
Onyx’s strategy is to partner with the executive leadership of organizations that possess superior business models and that exhibit a strong desire to build successful companies. As partners, Onyx works with the management of the portfolio companies to drive operational improvements throughout all areas of their businesses. Specific emphasis is placed on sales and profit growth, market share leadership, innovation, cost improvements and other value-creating activities. More information about Onyx Capital Advisors, LLC is available at www.onyxcapitaladvisors.com
Robert Dailey, President and CEO of Hi-Tec Associates, Inc., stated: “It’s been wonderful for our organization since we’ve partnered with Onyx. The capital provides us an opportunity to grow in light of the current financial challenges and the tightening of the lending institutions.” Bob Dailey goes further to explain, “In addition to the funding, the extraordinary level of expertise and business acumen OCA brings to the table puts us in a position to leverage our backgrounds and organizational capabilities to seek strategic acquisitions that will allow continued expansion.”
Hi-Tec is a technical staffing company supplying Engineering, Information Systems, Manufacturing, Systems Design and other Technical and Administrative personnel to several industries including Aerospace and Defense. The company has corporate offices in Lakeland, FL and branch offices in Orlando, FL, Dallas, TX, St. Louis, MO, and Atlanta, GA. Amongst the company’s client list is Boeing, Lockheed Martin, Westinghouse, McDonnell Douglas, General Dynamics, and a host of others. The US Bureau of Labor Statistics estimates the staffing industry will grow faster and add more jobs than just about any other industry in the next decade. “The acquisition is highly strategic and the improved efficiency to core processes provides the ability to identify growth opportunities and penetrate new markets,” states Roy Dixon, Managing Partner at OCA.
About Onyx Capital Advisors, LLC
Onyx Capital Advisors, LLC, led by Roy Dixon Jr., is a private equity investment firm with in-depth industry knowledge, and highly developed processes for growing and improving businesses. The firm’s focus is on established, domestic, primarily middle-market companies with annual revenues between $10 million and $250 million.
Onyx’s strategy is to partner with the executive leadership of organizations that possess superior business models and that exhibit a strong desire to build successful companies. As partners, Onyx works with the management of the portfolio companies to drive operational improvements throughout all areas of their businesses. Specific emphasis is placed on sales and profit growth, market share leadership, innovation, cost improvements and other value-creating activities. More information about Onyx Capital Advisors, LLC is available at www.onyxcapitaladvisors.com
Press Release Keywords:
private equity, market share leadership, innovation, cost improvements, value-creating activities, middle market, growth strategy
private equity, market share leadership, innovation, cost improvements, value-creating activities, middle market, growth strategy
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