Deloitte Corporate Finance LLC Advises The Delta Companies in its Sale to Mitsui & Co., Ltd.
DALLAS, March 20, 2014 – Deloitte Corporate Finance LLC (“DCF”) acted as the financial advisor to Texas-based TDC Holdco, LLC – doing business as The Delta Companies (“TDC”), a leading healthcare staffing organization, in its sale to Mitsui & Co., Ltd. (“Mitsui”) (TSE: 8031), a Japanese-based corporate conglomerate. The acquisition closed in February 2014.
“DCF's efforts in providing us the necessary market insight and deal advice were critical to the completion of this transaction,” said Jeff Schroeder, chief financial officer of TDC.
“It has been a pleasure to work with the management team at TDC on this transaction with Mitsui. We believe this transaction highlights the increasing globalization of the staffing and healthcare industries,” said Phil Colaco, managing director, Deloitte Corporate Finance LLC and head of its business services group.
Tom Spivey, managing director, Deloitte Corporate Finance LLC and its southwest region leader added, “Working with a Texas-based organization on an international transaction was a rewarding experience that allowed our team to demonstrate both local market knowledge and global insight”.
The Delta Companies is a Texas-based enterprise in healthcare staffing. TDC offers permanent and temporary staffing solutions nationwide for physicians, physician extenders, therapy and other allied healthcare professionals. Physician staffing services are represented by Delta Physician Placement and Delta Locum Tenens. All other allied healthcare staffing services are represented by Delta Healthcare Providers. TDC is based in Dallas, Texas. For more information, visit www.thedeltacompanies.com.
Utilizing its global operating locations, network and information resources, Mitsui is pursuing businesses that range from product sales, logistics and financing, through to the development of international infrastructure and other projects in the following fields: iron and steel products, chemicals, foods & retail, consumer services, information, electronics and telecommunications, financial markets and transportation logistics, among others. The company is based in Tokyo, Japan. For more information, visit www.mitsui.com.
Deloitte Corporate Finance LLC, a FINRA-registered broker-dealer, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Deloitte Corporate Finance LLC provides deal execution and lead financial advisory services to large corporate, middle market, and private equity firms. Deloitte Corporate Finance has access to the resources of the Corporate Finance Advisory practices of the member firms (and their affiliates) within the Deloitte Touche Tohmatsu Limited network of member firms. Together with Deloitte Corporate Finance, these practices include in excess of 1,600 professionals, working collaboratively across 150 international locations. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.