Founded in 1990, Hospitality Staffing Solutions (“HSS”) is the nation’s leading provider of hospitality solutions to hotels, resorts and casinos with 150+ rooms in the midscale to luxury segments of the market; through 60 branch offices and a workforce of over 9,500 people, HSS directly employs staff assigned to hotel property and takes responsibility for hiring and retention, training, compliance with immigration regulations and liability insurance. Having known HSS since 2006 when it was founder-owned, Caymus Equity teamed with management to recapitalize HSS in 2014 after HSS experienced a downturn in its business beginning in 2010. Caymus Equity was attracted to the business having had a long relationship with HSS and witnessed its proven ability to deliver superior services to their hospitality clients.
During our ownership period, we provided support to our management partners who executed on the value creation plan:
As a result, HSS experienced significant growth in revenues and EBITDA during our hold period.
After exceeding our growth plans and establishing the framework for continued future success, Caymus Equity exited HSS successfully in January 2020.