Brookfield-based Advantage Federal Resourcing has been acquired by Florida workforce solutions company STS Technical Services.
Advantage, which provides workforce solutions in the manufacturing and engineering industries worldwide, is changing its name to STS Technical Services this week.
STS provides similar services in the aviation industry. The companies match up well because Advantage has ties in the defense and heavy equipment industries, said Chuck Harrison, vice president of sales and delivery.
“We feel we have a very unique and competitive business model, especially as it relates to more pure staffing companies,” Harrison said. “We have a professional service, professional solutions business model that organizations across multiple industries are interested in.”
Advantage has four locations in the U.S. and global representatives, including in the Middle East. It was owned by Advantage Resourcing America until that company was acquired by a Japanese firm. Advantage couldn’t have foreign controlled influence because of its defense work.
“As we won some secured business with companies supporting the government, we became separated from our parent organization and we were allowed to implement our own business model,” Harrison said.
In 2011, Advantage was acquired by New York private equity firm Cerberus Capital Management L.P. and put up for auction, said President Rick Koenig. Finally, it was acquired by STS.
Advantage has grown its revenue organically from $13 million in 2009 to $52 million in 2012 and its employees from about 12 to 45 in the same time period, Harrison said. STS Technical Services has overall revenue of almost $200 million.
The company plans to add another six to eight employees and about 150 contract employees, he said.
