Citizens Financial : Advises MATRIX Resources in connection with its acquisition by Motion Recruitment Partners

01/14/2022

PROVIDENCE, RI – Citizens M&A Advisory today announced that it was the exclusive financial advisor to MATRIX Resources, Inc., a leading provider of agile technology, telecommunications and services, upon its acquisition by Motion Recruitment Partners.

Founded in 1983 and based in Atlanta, MATRIX Resources offers professional technology personnel, including consulting contracts and direct hires, telecommunications personnel and services, and Agile and DevOps consulting services. The company currently has 13 offices and has provided resources in over 40 states across the United States.

Motion Recruitment Partners is a Boston-headquartered provider of specialized IT recruitment services. 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: “It was great working with the team at Citizens and they did an exemplary job guiding us through the transaction. Their in-depth knowledge of the industry and the buyer universe, combined with their highly competitive process execution, enabled us to find our ideal partner.”

Dave Phillips, Managing Director of Citizens M&A Advisory, said: “MATRIX Resources is an incredible asset with an exceptional team, culture and track record. The partnership with Motion Recruitment Partners brings together two of the leading recruiting solutions brands in the United States. We are thrilled for the team at MATRIX Resources as they enter the next chapter in their success story.”

Citizens M&A Advisory specializes in middle market mergers and acquisitions. Citizens combines industry intelligence with a customer-centric approach to realize the true value of our customers. 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 wide range of retail and commercial banking products and services for individuals, small businesses, ETIs, large corporations and institutions. Citizens helps its clients reach their potential by listening to them and understanding their needs in order to offer advice, ideas and tailor-made solutions. In Consumer Banking, Citizens offers 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’s products and services include a full range of banking, lending, savings, wealth management and small business offerings. In commercial banking, Citizens offers a wide range of financial products and solutions, including lending and leasing services, deposit and cash management services, foreign exchange risk management solutions, interest rate interest and commodities, as well as loan syndication, corporate finance, mergers and acquisitions, and debt and equity markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn Where Facebook.

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The testimonials presented apply to the persons depicted and may not be representative of the experience of others. Testimonials are unpaid and are not indicative of future performance or success.

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