Monarch Staffing Inc (MSTF)

[pietro]

More to ponder.....

Edwina was hired by the CEO of a nationwide staffing company, Mr. Alan McIver and she opened the Fresno California office in 2001. Edwina consistently maintained stellar performance of revenue growths billing up to 8,000 weekly hours, generating up to $21 million in annualized revenue.

http://www.medicaldirecthire.com/1/419/about_us.asp



Supplemental Health Care Services - Dauphin's principals, including both the general partner and one of its limited partners, recognized an opportunity to fulfill unmet needs in the professional medical staffing area and sought an appropriate acquisition upon which to base a company. Dauphin identified, evaluated and negotiated the acquisition of Supplemental, then a $12 million travel nurse staffing company. Simultaneously, a seasoned healthcare staffing executive, Alan McIver, known to the partners, was recruited to lead the company which would be staffed with existing and new management. In May 2000, an $11 million acquisition/recapitalization was completed in which three Dauphin limited partners participated providing total equity funding of $7 million for the transaction. An unrelated venture investor also joined in the equity financing, and was solicited by Dauphin. In the first four years of ownership, the annualized revenues grew from $12 million to $130 million with the company remaining solidly profitable while self-financing its entry into several new markets. In 2004, The Board recognized the need for more professional management and successfully recruited Mike Jacoutot from Randstat as its CEO. Since his arrival, the Company has grown to annualized revenues of $230 million. Today the business is broadly diversified with one third of revenues derived from its travel nurse division and one third each from a network of 38 local offices providing nursing and allied staffing services. James B. Hoover serves as the Company's Chairman.

While the foregoing case study suggests Dauphin’s capabilities as lead in both the pre- and post-investment value creation process, we are also experienced as a participant in investments led by others. Indeed, Dauphin has invited others into investments and turned the lead for that investment over to the new party where such an action worked to the advantage of the value creation process. Dauphin then participated in the resulting financings. Ultimately, Dauphin seeks to do what is most beneficial to the value creation process for the portfolio company and to be both farsighted and flexible in doing so.

http://www.dauphincapital.com/Default.aspx?tabid=59