HR STRATEGY

Littlejohn Capital Announces Acquisition of Alto Healthcare Staffing Buoyed by Industry Tailwinds, Alto Poised for Geographic Expansion

Littlejohn Capital | January 11, 2022

Integra News
LJC Investments V, LLC, an investment vehicle controlled by Littlejohn Capital, LLC ("Littlejohn Capital"), today announced the acquisition of Alto Healthcare Staffing ("Alto"), a diversified healthcare staffing firm.

Alto was established in 2003 in line with the personal values and mission of Founder and RN Leslie Kahn. Alto's three key business lines include providing clinical temporary staffing primarily for nursing homes and long-term care facilities on a per diem or short-term contract basis; travel nurses primarily to hospitals; and medical assistants to doctors' offices. Alto is headquartered in Dayton, OH. 

"Littlejohn took the time to really get to know our business and our management team, and we were greatly impressed with their relevant experience in the staffing sector. With their partnership, we believe we can grow while remaining true to our mission. Littlejohn will provide valuable resources to help us accelerate our growth and build on our relationships with healthcare facilities, hospitals and doctors. Our goal is to provide industry leading services to more customers and provide the right healthcare professionals to patients wherever they are needed most."

- Leslie Kahn, President of Alto

"Over the past several months, we have gotten to know Leslie and her team and were very impressed by the company she has built and the differentiated approach Alto's talented healthcare professionals provide to long-standing clients. The healthcare staffing industry is experiencing dynamic growth, and Alto's services have become a more viable and easily accessible option for healthcare facilities across the country. We look forward to working with Leslie to help achieve her vision of expanding Alto's compassionate care and leveraging the experience from our successful investment in Hospitality Staffing Solutions as we further diversify the business geographically."

- Angus C. Littlejohn III, President of Littlejohn Capital

Staffing industry veteran Timothy McPherson, who served as CEO of former Littlejohn Capital portfolio company Hospitality Staffing Solutions, will join the Alto Board of Managers, in addition to Mr. Littlejohn III and Littlejohn Capital Chairman, Angus Littlejohn, Jr.

UHY Corporate Finance served as financial adviser to Alto and Morrison Cohen LLP provided legal counsel to Littlejohn Capital on the transaction.

About Littlejohn Capital
Littlejohn Capital is the family office of Angus C. Littlejohn Jr., co-founder of Littlejohn & Co., where he currently serves as Chairman. The platform seeks to make control investments in small to mid-sized private companies that are undergoing strategic, operational or generational transition.

Spotlight

Do high performing companies structure executive pay differently? Doug Friske, CECP, Executive Compensation Global Leader, Towers Watson, discusses research the organization did into pay levels and pay structures. He also discusses what organizations can learn from this research and apply to their own organizations.


Other News
HR STRATEGY

Stoovo and PredictHQ Partner to Empower Gig Economy Workers to Know Where Demand Will Hit

PredictHQ | March 26, 2022

PredictHQ, the demand intelligence company, today announced a partnership with leading gig economy empowerment platform Stoovo. Stoovo is an AI-driven platform that helps independent workers strategically choose the right short-term work opportunities near them. The company will integrate PredictHQ's demand intelligence with their advanced AI platform to alert gig economy workers to where demand will surge in advance, allowing them to review and accept the most lucrative gigs in the closest geographic proximity. PredictHQ's demand intelligence is already used by leading rideshare companies including Uber and delivery networks including GoPuff. Its enriched data on events that drive demand for independent workers is already enabling better demand forecasting and planning across the on-demand industry. "The competition for drivers and gig economy workers has never been higher, and we're excited to be enabling companies and individuals to know where demand will hit so they can be ready, The pandemic changed demand patterns, with most industries undergoing a huge shift to dynamic, data-driven planning. It makes sense that innovative platforms like Stoovo want to democratize demand intelligence for their users too." -PredictHQ cofounder and CEO Campbell Brown Stoovo is used by more than 10,000 independent workers across the U.S. The company is using 15 of the 19 PredictHQ event categories to alert their recommendation algorithms that inform workers about where the largest demand and highest paying gigs will be. These include sporting events, expos, concerts, and festivals, as well as community events, school and college holidays, and national observances. The partnership originally focused on California as a test market and is now being rolled out across the U.S. "PredictHQ's demand intelligence will augment our already robust AI platform for recommending gig work, The future of work is flexible and independent. It is not humanly possible for the average person to process hundreds of data points to make an informed decision about the best job to accept on any given gig platform. Stoovo does this for them based on their individual needs and work profile." -Hantz Févry, CEO and co-founder of Stoovo. Financial management is closely related to the well-being of independent workers, but Stoovo doesn't stop there; they also offer their users a bank account that helps them save money, user incentives, rewards, and discounts based on their individual needs and work activities. About PredictHQ PredictHQ, the demand intelligence company, empowers global organizations to anticipate changes in demand for their products and services. PredictHQ's demand intelligence API aggregates events from hundreds of sources and verifies, enriches, and ranks them by predicted impact so companies can proactively discover catalysts that will impact demand. With PredictHQ, businesses gain a leg up on the competition and remain confident in their ability to meet customers' ever-changing needs. About Stoovo Stoovo is an AI-driven platform that connects independent workers with the right short-term work to maximize their income. Stoovo's platform reduces income volatility and provides workers with thousands of job opportunities so they can earn more and achieve financial stability.

Read More

HR STRATEGY

Flexible Law Degree Offerings Are Attracting Working Professionals

Faulkner Law | January 05, 2022

A growing number of non-traditional students seeking a law degree are discovering new opportunities to pursue a Juris Doctor (J.D.) through the expansion of distance learning and flexible scheduling options approved by the American Bar Association (ABA). One such offering is the Executive J.D. Schedule at Faulkner University Thomas Goode Jones School of Law in Montgomery, Alabama. Faulkner Law's Executive J.D. Schedule provides part-time students with the same curriculum and services as students in their traditional, Full-time J.D. Schedule, only delivered through blended online and in-person courses spread out over a four-year time commitment. In its second year, the Executive J.D. Schedule has welcomed primarily non-traditional, working professionals with an average incoming age of 35. "For over 70 years, Jones School of Law was a part-time, evening J.D. program, This new age of distance learning and online technologies allows us to refocus on this same commitment to offering a legal degree to those students who require the flexibility of schedule to accommodate their professional and personal lives." - Faulkner Law Dean Charles B. Campbell. The blended learning delivery of the Executive J.D. Schedule is ideally suited to students within a three-to-four hour driving radius from the campus that is conducive to fulfilling the in-person learning obligations scheduled two weekends a month excluding the summer. The part-time schedule appeals to working professionals who may have previously thought about becoming a lawyer but could not afford to forgo employment to do so, including current student Preston Roberts, a government relations professional residing in Montgomery. Without this opportunity, Roberts states he would not have been able to pursue his law degree without leaving his career and interrupting his family life. While he acknowledges that law school requires a substantial commitment, he also believes the rewarding outcome will validate the pursuit. The Executive J.D. Schedule offers parity with Faulkner Law's Full-time J.D. Schedule, including integrating bar exam preparedness, maintaining compliance with ABA Standards, providing student services and academic support, and following established admissions standards. Learn more about the part-time Executive J.D. Schedule at law.faulkner.edu/executiveJD. About Faulkner Law Faulkner University's Thomas Goode Jones School of Law is a private, Christian law school in Montgomery, the capital city of Alabama. As an ABA-accredited school, Faulkner Law provides students a rigorous curriculum and hands-on experience to drive both academic success and community service, and celebrates its students who have a desire to use their legal degree to seek justice and serve their communities — wherever that may be.

Read More

WORKFORCE MANAGEMENT

beqom Partners with Modulus Data to Streamline HR Compensation Processes

beqom | May 23, 2022

5WPR, one of the largest independently-owned PR firms in the U.S., announces the creation of a specialty Travel Technology division, after welcoming multiple new clients within the industry this last month. As an extension of 5WPR's technology practice, the travel tech division consists of clients that are a part of the travel booking experience, as well as brands offering unique experiences through the use of tech. "The travel industry has forever been changed by the pandemic, and many of our clients provide improvements on the current experience, such as additional comfort in booking your vacation or alternative travel and destinations offerings, 5W welcomed our first travel tech client well over a year ago, and the outstanding work we've completed has drawn increased attention from others interested in how our offerings can support their work." -5WPR CEO, Matthew Caiola. 5WPR's tech practice has grown to specialize in several highly-specialized areas and prides itself on being a leading adtech, martech and fintech public relations firm in the nation. The team delivers results through key industry relationships with influencers, bloggers, celebrities, and media. By implementing integrated PR, Digital, Influencer Partnerships and Social Media campaigns, 5W ensures maximum coverage for its clients. PR services offered to travel tech clients include messaging and positioning, media relations, initial public offering media strategy, new market expansion campaigns, visibility programs, content creation, sponsorships/partnerships, digital media campaigns, event planning, thought leadership and speaking opportunities. About 5WPR 5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 250 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and Digital Marketing (Social Media, Influencer, Paid Media, SEO). 5W was awarded 2020 PR Agency of The Year and brings leading businesses a resourceful, bold and results-driven approach to communication.

Read More

EMPLOYEE EXPERIENCE

LumApps to Expand its Employee Experience Platform with Acquisition of HeyAxel

LumApps | February 04, 2022

LumApps, a leading Employee Experience Platform, announced that it has signed an agreement to acquire HeyAxel, a powerful no-code HR automation and employee onboarding solution. The acquisition builds upon LumApps' continued growth and promises to accelerate the delivery of LumApps' unique vision: an entirely personalized experience for each employee. The HeyAxel solution will be fully integrated with LumApps' Employee Experience Platform. The integration of the two products and teams will accelerate LumApps' employee journeys roadmap with an additional team of experts plus an adaptable, omnichannel orchestration engine, broadcast capabilities, quizzes, surveys, and HeyAxel's out-of-the-box journey builder. "The acquisition of HeyAxel allows us to take an innovative step forward in our product development by adding an easy-to-use journey engine that makes it simple to create personalized, smart, and integrated journeys. Our customers will be able to deliver tailored information and insights to their employees at every stage of their tenure to improve engagement and promote positive experiences," - Sébastien Ricard, CEO at LumApps. An Employee Journey is an orchestrated set of communications, information, and activities that are designed to inspire action, promote engagement and maximize the Employee Experience at a certain point in the employee lifecycle. Personalized communications throughout the employee lifecycle can have a significant positive impact on engagement, motivation, and long-term success in the workplace. With HeyAxel's no-code tooling, LumApps will develop additional prebuilt journeys making it simple for enterprises to tailor their journeys at each step of the entire employee lifecycle. LumApps customers will also be able to quickly and easily develop their own employee journeys to fit the unique needs of their employees and organizations. "HeyAxel's no-code platform enables HR managers to easily create specific journeys like onboarding and career milestones, Joining LumApps will enable us to create additional components for all the various stages throughout an individual's tenure. This merger signifies the clear convergence in our vision of putting employees at center stage and ensuring cutting-edge and best-in-class journeys in an employee experience platform." -Arnaud Weiss, CEO and Co-founder at HeyAxel. "HeyAxel provides great value by improving the onboarding journey for our new employees and streamlining work automation. LumApps has been positioned as a leader in its industry by well-known analysts, powering internal communications for many large, global enterprises throughout the world. We are convinced LumApps and HeyAxel together will strengthen the digital employee experience by providing a personalized and holistic solution." - Laura Nepert, Head of Recruiting at Renault Digital. About LumApps LumApps is a leading Employee Experience Platform first launched in 2015 to unify the modern workforce through better communication, engagement, and instant access to information. Integrated with Google Workspace and Microsoft 365, LumApps intelligently connects people, information, and business applications to empower employees and enhance productivity. The product tailors each experience to the unique needs of the employee, from executives and managers to frontline workers. LumApps is a true SaaS platform designed to scale to the needs of today's largest enterprises and is easily accessible across any device or language. With over 250 people in 7 offices located on three continents, LumApps serves prominent companies like Veolia, Airbus, Valeo, Air Liquide, The Economist and Electronic Arts, supporting more than 4 million users worldwide. To fuel its continued rapid growth and enhance the capabilities of its platform, LumApps has raised $70M in a Series C round in 2020.

Read More

Spotlight

Do high performing companies structure executive pay differently? Doug Friske, CECP, Executive Compensation Global Leader, Towers Watson, discusses research the organization did into pay levels and pay structures. He also discusses what organizations can learn from this research and apply to their own organizations.

Resources