Orlando staffing company buys Petaluma firm, plans expansion
An Orlando-based staffing firm purchased Petaluma’s Hynes & Co., and recently expanded the local office.
The acquisition, the second for 5-year-old Kavaliro, gives it almost $7 million in annual revenue and will add about 55 more employees. The company is immediately hiring more administrative and recruiting positions.
As part of the agreement, Kavaliro has acquired all contractual resources affiliated with the program, and all of Hynes & Company’s internal staff. The agreement also gives the staff the chance to expand their reach through the established Kavaliro network.
“Kavaliro has seen exponential growth in the last few years and the acquisition of Hynes & Co, is a great opportunity to continue our success and expand,” said John Mahony, Kavaliro COO. “Kavaliro’s business model aligns with this staffing firm and the addition of the California office enables us to have greater reach into the tech community which we are already servicing.”
Kavaliro has about 400 employees, which includes contract workers and administrative staff. Their client niche is in the tech IT industry, with 31 Fortune 500 companies, and including General Electric, Siemens, and Disney World.
Founded in 2010, the company generated $3 million in revenue the first year. That figure rose to $37 million last year, and the firm expects to generate about $60 million in revenue this year.
“In the past year, our company has seen over 100-percent growth company wide, and has maximized capabilities for high-profile clients by tapping into the Bay Area’s market of highly skilled tech candidates,” Mahony said.
Though based in Orlando, Kavaliro (which means “knight” in the artificial Esperanto language) is looking for this office to be their West Coast hub.
“As our company continues to grow, this is a no-brainer,” said Bill Peppler, managing partner and co-founder. “It really feels good to be planting our flag in Petaluma.”
Hynes & Co, formerly “waHco,” an acronym for W.A. Hynes & Company, Inc., was founded in 1976 by Smokey and Jane Hynes, providing staffing services to healthcare providers, finance, and insurance companies.
“As I prepare for retirement after 40 years in the IT consulting and staffing industry, I am more than confident that I am leaving Hynes & Co. in good hands with Kavaliro,” said Jane Hynes, former president and CEO of the company. “One of my primary goals was to find a company whose business philosophy aligned with my own, and I believe Kavaliro’s leadership will be financially and developmentally rewarding for Hynes & Co.’s employees and clients.”