Corporate Finance Associates Advises Entero in Sale to BCforward
entero LLC, founded in 2006 by Roy Larson, grew to be a Twin Cities leader in IT staffing, receiving several prestigious awards including inclusion on the Minneapolis Business Journal's Fast 50 list for rapid growth and its Best Places to Work designation.
CFA Managing Director Jeff Wright said, "This is exactly the kind of company we love to work for; a well-run firm with an intense dedication to client service." CFA Managing Director Michael Vinje added, "Roy and his leadership team built a great company, based on core values and culture, which was a strong fit with BCforward." Vinje was a CFA client when CFA sold his consulting company, Trissential, for $30 million in 2015. Vinje started working with CFA in 2016.
"CFA found us the perfect buyer for our company," said entero Managing Partner & Founder Roy Larson. They contacted hundreds of staffing firms throughout the US and it became clear through their process that BCforward had tremendous synergies with entero."
On March 31, 2017, entero was acquired by BCforward in a private transaction. The terms were not disclosed. Financial representation was provided by the Minneapolis Office of Corporate Finance Associates, led by John Hammett and Jeff Wright.