Everett, WA — February 1, 2023 — TERRA Staffing Group, an award-winning staffing firm headquartered in the Pacific Northwest, has announced that they have received an investment from Hastings Equity Partners, a preferred capital partner to founders of lower middle-market businesses, headquartered in Boston, MA.
TERRA has been recently recognized by Staffing Industry Analysts (SIA) on their list of “Largest Staffing Firms in the US”. TERRA is also a Diamond Award recipient of ClearlyRated’s “Best of Staffing®” recognition for client and talent satisfaction scores that are in the top 2% of staffing firms nationally.
2023 marks TERRA’s 40th year in business.
“Our mission is Success Stories Created Daily and as we celebrate our 40th anniversary, I can think of no better way to mark this milestone than to take on a partner who will allow us to create more success stories for more people than ever before,” said TERRA CEO Greg Lambert.
TERRA selected Hastings as their partner based on their commitment to investing in founder-led businesses and their track record of strong performance.
Cascadia Capital, an investment bank serving middle market clients globally, acted as the exclusive financial advisor to TERRA Staffing Group in this transaction.
“In 2022, we served more customers and placed more talent than any year in our company’s history. In our most recent customer satisfaction survey, more than 98% of our customers said they’re getting the outcome they expect working with TERRA. We’re excited to take the systems we’ve developed and the unique culture we’ve created and spread our mission farther faster. We’re just getting started,” added Lambert.
About TERRA Staffing Group
TERRA Staffing Group is one of the largest, privately-held staffing firms headquartered in the Pacific Northwest, with locations in the Dallas, Denver, Phoenix, Portland, and Seattle-Puget Sound areas.
TERRA provides temporary/contract, contract-to-hire and direct hire placement for companies in a wide range of industries, including manufacturing, distribution, logistics, aerospace, financial services, call center operations, and more.
About Hastings Equity Partners
Hastings Equity Partners is a preferred capital partner to founders of lower middle-market business headquartered in Boston, MA.