ProTask, Inc., a woman-founded regional IT staffing and consulting firm based in Washington D.C. with over 100 technical professionals, was acquired by INSPYR Solutions — a leading IT workforce solutions firm backed by A&M Capital Partners — in a transaction exclusively advised by Momentum Advisory Partners.
Washington D.C. — March 15, 2023 — Momentum Advisory Partners (“Momentum”) is pleased to announce that IT Staffing and Solutions firm, ProTask, Inc. (“ProTask”), has been acquired by leading IT workforce solutions firm, INSPYR Solutions, a portfolio company of A&M Capital Partners. Momentum served as the exclusive advisor to ProTask in the transaction. Terms of the transaction were not disclosed.
Founded in 2010 by Donna Gibb, ProTask is a regional provider of highly technical, strategic staffing and consulting services across numerous end markets, including financial services, healthcare, financial technology, and telecommunications. Based in Washington, D.C., ProTask employed over 100 professionals with an array of technical skill sets. Donna Gibb continued to lead ProTask in her current role to further build on and contribute to INSPYR Solutions’ long-term growth strategy.
INSPYR Solutions, which was formed through the combination of TekPartners, a P2P Company, and Genuent, has grown to employ nearly 2,000 professionals nationwide across twelve office locations. The Company is an experienced and leading provider of information technology staffing and solutions to blue-chip customers. Since 2021, INSPYR Solutions has been a portfolio company of A&M Capital Partners.
“Donna and Todd Gibb built such an incredibly successful business, despite having no previous background in staffing. Culture within any organization is crucial to the success of the business. The Gibbs developed a very strong culture with strong values within ProTask, which translated to double-digit growth year-over-year for the past several years. The biggest challenge we faced during this process was finding the right partner that shared those values. INSPYR Solutions was clearly the right choice.”
— Akash Taneja, Founder & Managing Partner, Momentum Advisory Partners
“Momentum Advisory Partners was the perfect partner to us in the sale of ProTask Inc. to INSPYR Solutions. From finding a buyer pool, to hand-holding through due diligence, and advising during negotiations through close, Akash remained persistent and professional and was our ‘coach’ until we reached the finish line. Not only did we find a great M&A advisor, but we found a friend in the process.”
— Donna Gibb, Founder and President, ProTask, Inc.
About the Transaction
The sale of ProTask further solidifies Momentum’s position as a leading M&A advisory firm in the staffing industry. The deal highlights a defining characteristic of Momentum’s process: a relentless focus on cultural fit. For the Gibb family, finding a buyer who shared ProTask’s values was as important as the economics — and Momentum delivered both.
INSPYR Solutions, already a scaled platform across twelve offices, gains a well-regarded D.C.-area practice with deep roots in financial services, fintech, and healthcare technology. Donna Gibb’s continued involvement in a leadership role ensures continuity for ProTask’s clients and team.
About ProTask, Inc.
Headquartered in Washington D.C., ProTask, Inc. is a regional provider of technical staffing services on primarily a contract basis in the areas of Agile & DevOps, Automation, Cloud, Data Management, Digital Strategy, Full-Stack Development, Internet of Things, and Blockchain & Digital Ledger. The Company’s customers are large, well-known Financial Services, Fintech, Telecomm, and Healthcare organizations. Learn more at www.protask.com.
About INSPYR Solutions
As a leading technology solutions company, INSPYR Solutions connects top IT talent with clients to provide innovative business solutions through its IT Staffing, Professional Services, and Infrastructure Solutions divisions. Four pillars define the company philosophy: Quality, Expertise, People, and Relationships. Learn more at www.inspyrsolutions.com.
About Momentum Advisory Partners
Momentum Advisory Partners is a boutique M&A advisory firm focused exclusively on the staffing and workforce solutions industry. The firm provides high-touch advisory services to founder-led and privately held firms, delivering strategic guidance and hands-on support throughout the transaction lifecycle. Since its founding in July 2020, Momentum has completed eight transactions across IT staffing, healthcare staffing, life sciences, and executive search. For more information, visit momentumadvisorypartners.com.