Group of women investors leads recapitalization of engineering services and staffing firm
CHICAGO — Sept. 27, 2017 — Productive Resources, an engineering services and staffing firm based in Springfield, Illinois, was recapitalized in a transaction led by a group of women investors. Sikich Investment Banking served as the exclusive sell-side adviser for Productive Resources.
“Productive Resources has an established reputation in the engineering space, and we expect them to benefit from the investors’ access to capital and strong industry relationships,” said Kurt Estes, director at Sikich Investment Banking. “This deal will equip Productive Resources to build on its current growth trajectory. We are excited to have played a role in this transaction.”
Sikich Investment Banking offers mergers and acquisitions and capital markets advisory services. The team has experience across industries, including health care and life sciences, technology, manufacturing and distribution, and consumer and retail.
“We are eager to partner with this impressive group of investors,” Productive Resources President Dathan Johnson said. “Combining their resources and experience with our talent and capabilities will help us enhance customer service and accelerate growth.”
Productive Resources provides on-site deployment of engineering and technical contractors, as well as outsourced engineering services. It also offers staffing services for engineering talent. In addition to its headquarters in Springfield, Productive Resources has an office in Knoxville, Iowa.
“Productive Resources has a strong reputation for delivering top engineering talent to some of the country’s largest manufacturers,” said Debra Beck, CEO of Productive Resources and one of its principal investors. “We look forward to using our capital and experience to help grow the business.”
Transaction terms were not disclosed.