case study cover TSR Consulting Services acquired by an Affiliate Company of BCforward
By Published On: September 5, 2024

TSR Consulting Services (“TSR”), well recognized national provider of information technology staffing solutions has been acquired by Vienna Parent Corporation an affiliate company of BCforward. This case study highlights the unique process of this transaction.

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Bob Maiden, a FOCUS Managing Director, has extensive experience in public accounting, corporate finance and human capital management roles. Prior to joining FOCUS, Mr. Maiden was a partner at Stony Hill Advisors in the Philadelphia area where he founded and led the firm’s Human Capital Management M&A practice. Mr. Maiden was co-founder and President of Maxwell Training Centers, a brick-and-mortar workforce training firm later transformed with a web-based SaaS model. Under his leadership, the Company earned four Wharton/Philadelphia Business Journal Top 100 Awards for being a Fastest Growing Privately Held Business. After 16 years of growth, Maxwell was acquired by inVentiv Health. Subsequent to the sale Mr. Maiden managed the integration, and led additional growth of the Company, staying with inVentiv for seven years. After his departure in early 2014 he launched his M&A advisory practice, focused on middle market staffing, recruiting and HR technology companies. Mr. Maiden has developed an extensive network of staffing firm owners/leaders from small private firms to the largest public firms across the U.S. and Canada, in every segment of the market. He is an active member of the American Staffing Association, New Jersey Staffing Alliance, Alliance of Merger and Acquisition Advisors and Association for Corporate Growth. Mr. Maiden has served as a judge and mentor on many entrepreneurial initiatives including Comcast Business Innovation-4-Entrepreneurs; Temple Fox School of Business Be Your Own Boss Bowl; The Young Entrepreneurs Academy (YEA!); Mercy Vocational High School; and has taught workshops at Drexel University’s Close School of Entrepreneurship on “Accounting for Startups.” Mr. Maiden graduated from Drexel University with a B.S. in Accounting and a minor in Manpower Management.