May 05, 2008
Croft & Bender Client Named National Small Business Person of the Year
ATLANTA, May 5 /PRNewswire/ -- Shawn Boyer, the founder and CEO of Richmond, Va.-based SnagAJob.com, was recently named the "National Small Business Person of the Year" by the Small Business Administration. SnagAJob.com is both a Croft & Bender investment banking client as well as a C&B Capital portfolio company. Boyer, 36, was recognized for identifying a business niche when a friend had trouble finding an internship and turning that idea into a multi-million dollar web site focused on the part-time and hourly employee job segment.
Speaking last week at C&B Capital's annual meeting in Atlanta, Boyer said SnagAJob.com, which was founded in 1999, is the largest web site for hourly recruitment and is the fifth largest on-line recruitment company in a field of more than 40,000 recruitment sites in the U.S.
"Shawn Boyer is a classic example of an individual who applied the entrepreneurial spirit, drive and initiative to solve a problem for millions of job seekers and employers. We congratulate Shawn on this well-deserved honor," said Croft & Bender Director Steve Tye.
SnagAJob.com recorded over 4 million unique visits to its site in April 2008 and now has over 10 million job seekers registered on its site. In 2007, visitors to SnagAJob.com conducted 135 million job searches.
Commenting on his company's growth, Boyer said hourly employees make up 60 percent of the U.S. work force and that the employee annual turnover rate in the hourly job category is 3.5 times higher than it is for salaried employees.
SnagAJob.com's successful strategy of attracting the right fit employee at the lowest cost per hire has enabled it to attract and retain corporate clients such as McDonald's, The Home Depot, UPS, Boston Market, Chick-fil-A, Bed Bath & Beyond, Jiffy Lube, Papa John's, and Party City.
Other C&B Capital portfolio companies presented during the annual meeting included HealthMark Partners, Inc. (Nashville, Tenn.); Alimera Sciences, Inc. (Atlanta); CBG Holdings, Inc. (Austin, Texas); and Prommis Solutions, Inc. (Roswell, Ga.).
About Croft & Bender and C&B Capital
Croft & Bender LLC, based in Atlanta, Georgia, is an investment banking firm focused on providing M&A, private equity and financial advisory services to middle-market and emerging growth companies in the Southeast. The firm also sponsors the C&B Capital private equity funds, with $44 million under management. For more information on Croft & Bender, visit www.croft-bender.com or contact the firm at (404) 841-3131.