EmployBridge, an industrial-staff company backed by Apollo Global Management has agreed to buy the Bluecrew business from IAC Inc, according to a report by Bloomberg.
The transaction will combine EmployBridge with Bluecrew’s app-based model and digital platform. IAC will keep a minority stake in the combined company which will reportedly generate more than $4 billion in pro-forma revenue.
RBC Capital Markets, Evercore and Houlihan Lokey acted as financial advisors to EmployBridge and Paul Weiss as legal counsel.
Read more: Private Equity Wire
