The Liberty Group, a provider of specialty temporary staffing, executive search and employee screening services to the multifamily residential real estate industry, has acquired Apartment Advantage, a full-service apartment staffing resource for the multifamily industry in the Pacific Northwest. Terms of the transaction were not disclosed. Liberty is a portfolio company of The Halifax Group, a Washington, D.C.-based private equity firm that partners with management to invest in lower middle-market businesses.
The acquisition of Apartment Advantage expands Liberty’s existing offerings in the Seattle market and adds a new geographic territory for Liberty with the addition of the Portland, Oregon market. Apartment Advantage, which specializes in education, training and career development in the apartment industry, offers a full menu of staffing services, from interviewing and screening to training and on-site support, for both short-term and long-term work assignments. The Apartment Advantage team, led by Liz Barnes, will remain with the company going forward, and Apartment Advantage will now operate under The Liberty Group brand.
“I have known and respected the Apartment Advantage team for many years and am confident they will be a great fit within Liberty,” said Matthew Smith, CEO of Liberty. “The Pacific Northwest is an attractive and thriving multifamily real estate market, and by adding Apartment Advantage we not only gain access into Portland, but we also expand our presence in Seattle, allowing us to better serve clients in both markets.”
“Adding to Liberty’s national footprint has been a key component of our strategic plan for Liberty, and Halifax is thrilled to help the Company execute its first acquisition within the first five months of our partnership together,” said Davis Hostetter, principal at Halifax. “We believe Liberty’s differentiated customer service approach and strong client relationships make it an attractive partner to leading regional providers of workforce solutions to the multifamily real estate sector.”
