Industrial Staffing Report: March 15, 2018

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Tradesmen International acquires Construction Labor Contractors

Tradesmen International acquired Construction Labor Contractors LLC from private equity firm Silver Oak Services. Tradesmen International is a portfolio company of private equity funds managed by Blackstone Capital Partners.

The transaction closed Dec. 19; terms were not announced.

Construction Labor Contractors provides temporary staffing of skilled tradesmen for the commercial construction market. It has about 130 internal employees and issued 8,500 W-2s in 2017.The company launched in 1997 and is based in Richfield, Ohio, a Cleveland suburb. It operates 19 locations and serves clients nationwide.

Construction Labor Contractors will eventually rebrand as Tradesmen International and CEO Brad Chesin will leave the firm after a transition period. The rest of the executive team will remain with the company.

Silver Oak first invested in Construction Labor Contractors in June 2014. 

“We are extremely proud of our partnership with the CLC management team,” said Greg Barr, managing partner at Silver Oak. “They have significantly expanded the business over the last three-and-a-half years, and we believe the combination of CLC and Tradesmen will allow the consolidated entity to better serve client needs throughout the country.”

 During Silver Oak's ownership, the company enhanced the depth of its management team, invested in a centralized national accounts sales team and national recruiting team, and upgraded the IT infrastructure. It also expanded its geographic footprint via new office openings and three acquisitions, including Skilled Labor Solutions Inc. in 2016 and Trade Solutions Inc. in August 2017.

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