On Assignment acquires StratAcuity Staffing Partners, terms not disclosed
On Assignment announced that it acquired StratAcuity Staffing Partners a provider of specialized clinical/scientific staffing solutions for biotechnology and pharmaceutical organizations. Stratacuity supports clients in the greater Boston area with contract, permanent placement and managed services solutions. The company was founded in 2001 by Robert Patten and Patrick Marshall, and has enjoyed 16 years of steady growth, with $16M in revenues for 2016. Terms were not disclosed. On Assignment further announced that it is proposing, subject to market and other conditions, to reprice its existing Term B credit facility. There can be no assurances about the timing or terms of the planned repricing, or that the repricing will occur at all.