The amount of the deal was not disclosed. The Primus investment is the first capital raise since the inception of MBO Partners. The employee and management team remain the majority owners. In conjunction with the funding, Jon Dick, Managing Director at Primus, and Aaron Davis, Director at Primus, will join MBO’s board as directors.
The company intends to use the proceeds to accelerate technology enhancements and gain a larger industry presence.
Led by Gene Zaino, CEO, MBO Partners provides a complete business operating system for independent workers to streamline the entire contract talent acquisition and engagement lifecycle. The MBO platform is integrated across many successful organizations, including many of the Fortune 100, enabling enterprises to curate their own preferred networks of independent talent while leveraging the company’s engagement and payment process.