News

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CLC, A Portfolio Company of Silver Oak Services Partners, Completes Add-on Acquisition

Jun. 08, 2016 -Portfolio Company News

Evanston, IL – June 8, 2016

Construction Labor Contractors, LLC (“CLC”), a portfolio company of Silver Oak Services Partners LLC, announced that is has acquired Skilled Labor Solutions, Inc. (“SLS”).  SLS is a premier provider of electricians and other skilled tradesmen to the commercial construction market in the Baltimore, MD and Washington D.C. markets.

Brad Chesin, Chief Executive Officer of CLC said, “We are very excited to add SLS into our organization. The business has a great reputation in the industry, has demonstrated great growth and brings additional organizational talent to CLC. In addition, this partnership will significantly strengthen our presence on the East Coast and we look forward to working with the SLS team to continue to grow the business.”

Greg Barr, Managing Partner of Silver Oak Services Partners, added “CLC’s long-term strategy continues to focus on augmenting our strong organic growth with acquisitions of leading players in their local geographies. Given SLS’s market share leadership in the Baltimore market and strong reputation, we’re pleased to add them to our existing platform.”

Overview of CLC

CLC is a leading provider of temporary staffing of skilled tradesmen for the commercial construction market. The Company operates locations in the Mid-Atlantic, Midwest and Southwest regions and has the ability to serve customers in all 50 states. Silver Oak and management continue to focus on building the CLC platform across the United States and continue to pursue add-on acquisitions of complementary businesses in attractive geographies.

Please contact Brad Chesin of CLC or Greg Barr or David Friedman of Silver Oak for additional information.

Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $3 million to $20 million.

Silver Oak Services Partners, LLC
1560 Sherman Ave, Suite 1200
Evanston, IL 60201
Phone: 847-332-0400
www.silveroaksp.com