has issued Series A Preferred Stock to an investor group led by

Gevity is a provider of outsourced human capital management solutions.

Gevity HR

  • Industry Business Services
  • Type Capital Raise

Gevity is one of the largest human resources outsourcing companies in the United States with approximately 85,000 worksite employees, and 2002 net revenue of over $370 million. The Company offers its clients, which are typically small to medium-sized businesses with between 20 and 100 employees, a broad range of high-quality products and services that provide a complete solution for their human resources outsourcing needs.

The Company’s new CEO approached Croft & Bender with two primary objectives: (1) to repurchase a large amount of stock from the Company’s largest shareholder and (2) to provide additional capital that would further support management’s growth strategy. Croft & Bender was hired to draft the offering memorandum, market the Company to interested parties, and to analyze, structure, and negotiate a transaction that would raise the necessary capital.

Croft & Bender successfully raised capital for the Company with three institutional investors, including Frontenac Company, Adams Street Partners, and SunTrust Equity Partners. C&B Capital also participated in the transaction.