Momentum Advisory Partners advises Clinical, Scientific & Healthcare Staffing Provider, in its Sale to Aequor Technologies
Princeton, NJ – July 10, 2023 – Momentum Advisory Partners LLC (“Momentum”) is pleased to announce that clinical, scientific and IT staffing firm, Collab Infotech (“Collab”), has been acquired by Aequor Technologies (“Aequor), a leading healthcare, life science and technology firm based in Piscataway, NJ. This strategic move further strengthens Aequor’s position in the staffing industry and enhances its ability to provide comprehensive workforce solutions to clients worldwide.
Momentum served as the exclusive advisor to Collab in the transaction. The transaction was finalized on July 10, 2023. Terms were not disclosed.
Through this acquisition, Aequor Technologies aims to leverage Collab’s extensive industry expertise, knowledge and established client relationships to deliver enhanced staffing solutions. By combining Collab’s specialized focus with Aequor’s global reach and comprehensive service offerings, the merged entity will be able to meet and exceed the diverse staffing needs of organizations operating in the healthcare and life sciences sectors.
“By becoming a part of Aequor Technologies, we gain access to a global platform and a vast network of resources, enabling us to expand our reach and provide even greater value to our clients,” said Sam Matreja, founder and head of Collab. “This acquisition will give Aequor a greater footprint in the clinical IT space with access to new customers and an experienced team of recruiters to help us fill our client needs,” Aequor Co-CEO Manmeet Virdi said.
Sam Matreja, the founder and head of Collab, will be joining Aequor as a senior vice president and the rest of the management team from Mr. Matreja will be following him in their respective positions. As this transition takes place the Collab team is bringing with it their vast knowledge and experience that comes with operating for over 14 years.
Sam commented, “I highly recommend Momentum to anyone who wants to sell or buy a company in the staffing industry. The entire process took us a little over nine months, and Akash guided me through every step, from valuation and negotiation to LOI, agreements, closing, and post-closing. During the entire process, he was able to establish a good working relationship with all parties involved—buyers, VCs, and attorneys on both sides—and took the lead in driving the process to a successful closing.”
About Collab Infotech
Collab Infotech is a leading provider of clinical, scientific, IT and healthcare staffing solutions, serving clients across the globe. With an extensive network of qualified professionals, Collab Infotech specializes in sourcing and placing talent in critical roles within the healthcare and life sciences sectors.
Learn more www.collabinfo.com
About Aequor Technologies
Aequor Technologies is a global provider of staffing, consulting, and technology solutions, catering to diverse industries including healthcare, education, life sciences, IT and more. With a relentless focus on innovation and customer-centricity, Aequor delivers tailored workforce solutions to help clients achieve their business goals efficiently.
Learn more www.aequor.com
About Momentum Advisory Partners
Momentum Advisory Partners is an M&A Advisory firm focused exclusively on the staffing and workforce solutions industry. The company brings over a decade of experience working with clients in evaluating some of their most strategic and complex decisions. Momentum provides independent, uncompromised advice which makes it uniquely suited to offer a broad range of advisory services to its clients. Advisory services include mergers, acquisitions and divestitures, across the Staffing and Workforce Solutions, Technology and Healthcare sectors. Momentum’s experienced professionals have an exceptional track record of providing remarkable results for its clients.