Alumni Staffing Secures Strategic Investment from Harvest Ascend

Deal News | Jan 21, 2025 | Harvest Partners

Alumni Staffing Secures Strategic Investment from Harvest Ascend

Alumni Staffing, a rapidly growing locum tenens staffing firm based in Bridgewater, NJ, has secured a strategic investment from Harvest Partners Ascend Management. This partnership aims to accelerate Alumni Staffing's growth by enhancing talents, technology, and expanding its geographical reach across the United States. With a strong focus on culture, responsiveness, and high-caliber client service, Alumni Staffing, led by CEO John Pannucci, is poised to strengthen its position in the U.S. healthcare staffing market. Harvest Ascend, an arm of the New York-based private equity firm Harvest Partners, is recognized for its expertise in the healthcare sector. This investment is intended to help Alumni Staffing outpace their competitors by leveraging operational excellence in recruitment, client services, and credentialing. Representatives from Harvest Ascend such as Bobby Kelly, Kevin Formica, and Andrew Weisman will be joining the board of Alumni to guide the company to new heights.

Sectors

  • Heathcare Staffing
  • Private Equity

Geography

  • United States – Both Alumni Staffing and Harvest Partners Ascend operate within the United States, and the strategic investment aims to expand Alumni's services within this geography.

Industry

  • Heathcare Staffing – Alumni Staffing provides locum tenens services to healthcare facilities nationwide, making it a crucial participant in the healthcare staffing industry.
  • Private Equity – Harvest Partners Ascend is part of Harvest Partners, a New York-based private equity firm, specializing in strategic investments in middle-market companies.

Financials

  • Not Disclosed – The specific amount of the strategic investment from Harvest Ascend into Alumni Staffing.

Participants

NameRoleTypeDescription
Alumni StaffingThe Target CompanyCompanyA locum tenens staffing firm based in Bridgewater, NJ, known for high-quality staffing solutions in the healthcare sector.
Harvest Partners AscendThe Bidding Company/BuyerCompanyA division of Harvest Partners, LP, focusing on investments at the lower end of the middle market.
John PannucciCEO and Founder of Alumni StaffingPersonLeads Alumni Staffing and continues to be a significant shareholder post-investment.
Bobby KellyPartner and Co-Head of Harvest AscendPersonInvolved in the strategic partnership and set to join the board of Alumni Staffing.
Kevin FormicaRepresentative from Harvest AscendPersonBoard member of Alumni Staffing post-investment.
Andrew WeismanRepresentative from Harvest AscendPersonBoard member of Alumni Staffing post-investment.