#USA #Tustin #HUDDL3 Group #PTS Advance #Morson Group

HUDDL3 Group's Significant Strategic Sale to Morson Group

In a transformative move, HUDDL3 Group has successfully finalized the strategic sale of PTS Advance, its portfolio company, to the Morson Group, headquartered in the UK. This landmark transaction represents a pivotal moment in HUDDL3's ongoing mission to develop and expand high-impact workforce platforms across various sectors.

A New Chapter for PTS Advance

With a solid history dating back to 1995, PTS Advance has built a reputation as one of the most prominent specialist providers of technical talent in the United States. Operating across critical industries such as oil, gas, chemicals, power, renewables, construction, infrastructure, and manufacturing, the company has witnessed substantial growth and evolution over the years. The acquisition by Morson Group underscores a significant step towards enhancing the company's operations in North America, ensuring further access to vital markets and talent pools.

Dane Groeneveld, the Group CEO of HUDDL3, noted, “I took on the role of CEO at PTS Advance in 2018, driven by the vision that Russell Stein and David Stein had for business growth. Through strategic hiring and robust merger and acquisition activities, we achieved a remarkable fourfold scale increase in a relatively short time, thereby solidifying HUDDL3 as a multifaceted investment office focusing on the Future of Work.”

This successful sale not only signifies an exit for HUDDL3 but also highlights its strategic direction toward impactful investments. Groeneveld expressed confidence that Morson's backing will provide Dustin House, the leadership team at PTS Advance, with the necessary support to maximize their market presence and service capabilities.

Morson Group's Expansion Plans

Ged Mason, CEO of Morson Group, shared his enthusiasm for this acquisition, stating, “This strategic move is integral to our ambition to broaden our global reach. Partnering with PTS Advance aligns perfectly with our values, and having known the Stein family for over 20 years, I’m confident that this collaboration will enhance our service delivery across the U.S. market. It reinforces our commitment to improving our offerings and gives our clients access to a more extensive global talent network.”

This acquisition is a strategic step in Morson Group's ongoing effort to increase its footprint in North America, aiming to solidify its status as a top provider in the region. The integration of PTS Advance allows Morson to leverage enhanced technical capabilities as they continue to innovate and expand.

HUDDL3’s Future Endeavors

Even after this successful strategic sale, HUDDL3 Group continues to invest in its core platforms. Among these are SmartSearch, Inc., a leading SaaS-based recruitment software, LEAD3R LLC, an advisory firm focused on leadership and teamwork, as well as “The Future of Teamwork” podcast, which aims to amplify innovative insights at the intersection of talent, technology, and organizational performance.

Advisors for HUDDL3 Group regarding this transaction included Ferruzzo & Ferruzzo, LLP, marking yet another milestone in the firm's journey towards building valuable workforce solutions. The company remains committed to its mission to innovate and elevate the talent acquisition landscape in a rapidly changing global marketplace. As HUDDL3 continues to evolve, the industry can look forward to seeing how its investments will shape the future of work.