Citizens Financial : Advises MATRIX Resources on its Acquisition by Motion Recruitment Partners

01/14/2022

PROVIDENCE, RI - Citizens M&A Advisory announced today that it served as the exclusive financial advisor to MATRIX Resources, Inc., a leading provider of technology, telecom and Agile services, on its acquisition by Motion Recruitment Partners.

Founded in 1983 and headquartered in Atlanta, MATRIX Resources offers professional technology staffing, including contract consulting and direct hire position placements, telecom staffing and services and Agile and DevOps consulting services. The company currently has 13 office locations and has supplied resources in more than 40 states across the United States.

Motion Recruitment Partners is a provider of specialized IT staffing services headquartered in Boston. The company is majority-owned by certain investment funds managed directly or indirectly by Littlejohn & Co. and its subsidiaries and affiliates.

John Scarbrough, co-founder of MATRIX Resources, said: "The Citizens team was great to work with and did an exemplary job in leading us through the transaction. Their extensive knowledge of the sector and buyer universe combined with their highly competitive process execution allowed us to find our ideal partner."

Dave Phillips, managing director at Citizens M&A Advisory, said: "MATRIX Resources is an incredible asset with an outstanding team, culture and track record. The partnership with Motion Recruitment Partners brings together two of the premier staffing solutions brands in the United States. We are thrilled for the MATRIX Resources team as they enter the next chapter of their success story."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 130 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

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