ImpactAlpha, July 18 – Achieve Partners invested in Houston-based Genuent, a tech staffing company, as part of its strategy to accelerate apprenticeship programs in sectors of the U.S. economy grappling with skills shortages. The New York-based private equity firm has sold Genuent to A&M Capital Partners, a private equity firm with $2.9 billion in assets under management.
Genuent exemplifies “the role that intermediaries like IT staffing companies can play in pioneering new models of talent development that will reshape the future of work,” said Achieve’s Aanand Radia.
The sale will bring together Genuent and TekPartners, another IT staffing company whose parent company is majority-owned by A&M. The merged company is being renamed INSPYR Solutions.