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TAMPA, July 5, 2018 – Osceola Capital, a lower middle-market private equity firm focused on services businesses, announced the acquisitions of Deegit, Inc. and Mercom Group, two leading providers of IT Staffing services.
The two transactions were executed concurrently and will come together to form Talent Group. Founded in Schaumburg, Illinois in 2001, Deegit provides IT Staffing services for large companies with significant recruiting requirements throughout the United States. Deegit leverages a strong offshore presence in Hyderabad, India to support clients. Mercom has operated in Marlton, New Jersey since 1995, and provides boutique IT Staffing services for clients with direct staffing needs, primarily focusing on the Northeast region.
Michael Babb, a Managing Partner at Osceola Capital, commented, “We are excited about the investments in Deegit and Mercom, and the subsequent formation of Talent Group as an industry-leading IT Staffing platform, poised for strong M&A and organic growth. We are believers in the ongoing growth and transformation of the technology-based economy, which requires growing numbers of skilled technical personnel. Talent Group is well-positioned to benefit from and ultimately facilitate that trend.”
Talent Group represents the second platform investment in Osceola Capital’s current fund and is actively looking for add-on opportunities.