EVANSTON, Ill. — Silver Oak Services Partners announced that it has led the recapitalization of Construction Labor Contractors (CLC), in partnership with the company’s founder and management. CLC is a leading provider of skilled trades temporary staffing for the commercial construction market.
CLC provides a variety of skilled trades to construction sites, including HVAC technicians, plumbers, and electricians. The company is headquartered in Richfield, Ohio, with 15 sales offices throughout the Midwest, Mid-Atlantic, and Southwest that service clients in all 50 states.
“This transaction enables CLC to focus on the next phase of the company’s development with a value-added partner and the capital resources necessary to grow our company through organic investments in new offices and improved sales, marketing, and recruiting execution," said CLC president George Cook, who will continue to lead the company as CEO.
“We are excited to partner with the founder of CLC, Timothy Cherotti, and with the current CEO, George Cook, as well as the rest of the CLC management team. The company has a successful track record of growth and a strong reputation among construction contractors across the country. We look forward to leveraging the company’s existing strengths, while further investing in both new and existing markets,” said Greg Barr, managing partner of Silver Oak.
CLC said it is actively looking for add-on acquisition opportunities.
For more information, visit http://constructionlabor.com.
Publication date: 7/7/2014