Portfolio

We are proud that our partner companies are market leaders with quality management teams of high integrity.

Hospitality Staffing Solutions
"Caymus Equity had a vision for HSS which led to our recapitalization in 2014. During our partnership, we shared a common vision and growth strategy which led to success for HSS. We value and appreciate their contributions and support which helped get us where we are today and position us for the future."
Tim McPherson,
CEO of HSS
Hospitality Staffing Solutions
Hospitality Staffing Solutions
Teaming with the Industry Leader

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.

Execution of the Strategy

During our ownership period, we provided support to our management partners who executed on the value creation plan:

  • Built out the executive leadership team which included the hiring of several key managers at all levels of the organization
  • Professionalized the business by implementing a formal budgeting process, monthly reporting package and structured bonus plan
  • Implemented a comprehensive risk management program under the leadership of an executive risk management team which generated significant savings
  • Completed two acquisitions to expand the breadth of HSS’s service offerings
  • Executed on vertical strategies in new end markets to augment growth and reduce seasonality

As a result, HSS experienced significant growth in revenues and EBITDA during our hold period.

Exit

After exceeding our growth plans and establishing the framework for continued future success, Caymus Equity exited HSS successfully in January 2020.