Patriarch Partners’ Portfolio Company Snelling Staffing Receives Women’s Business Enterprise National Certification

DALLAS--(BUSINESS WIRE)-- Snelling Staffing has received national certification as a Women's Business Enterprise (WBE) by the Women's Business Council-Southwest Certification Committee, a regional certifying partner of the Women's Business Enterprise National Council (WBENC).

"We are pleased to receive this important certification by WBENC and we are honored to be a part of this great organization that promotes and fosters growth for women-owned businesses," said Lynn Tilton, founder and CEO of Patriarch Partners, whose investment funds are majority owners of Snelling Staffing. "We look forward to building a more expansive relationship with WBENC as we certify more of our portfolio companies and build our own diversity programs within our businesses, creating a network of depth and breadth."

"We are excited to have recently certified Snelling Staffing as a Women Business Enterprise and to have them as a new member of the Women’s Business Council – Southwest (WBCS),” said Debbie Hurst, President of Women’s Business Council-Southwest. “It’s a great win/win. Snelling has the WBENC national certification that identifies them as majority owned and controlled by women, which will help them in competing for corporate and government contracting - and WBCS has a valuable new member in Snelling, who can assist other WBEs in their growth and development.”

WBENC's national standard of certification implemented by the Women’s Business Council-Southwest Certification Committee is a meticulous process including an in-depth review of the business and a site inspection. The certification process is designed to confirm the business is at least 51% owned, operated and controlled by a woman or women. According to the WBENC, by including women-owned businesses among their vendors, corporations and government agencies demonstrate their commitment to fostering diversity and the continued development of their supplier/vendor diversity programs.

About Snelling Staffing:

Snelling Staffing Services provides temporary staffing services nationwide. In business since 1951, Snelling has 130 company store and franchise locations throughout the United States and provides employment to an average of over 6,000 persons weekly. Snelling placed over 40,000 individuals in the past 12 months. Snelling’s business is predominantly temporary staffing, but further includes a variety of related services including permanent placement, contract-to-hire, project staffing and payrolling services. As a result, Snelling’s core competencies are focused on assessing and acquiring talent, workers compensation risk management and providing convenient transaction interfaces and superior service for our employer customers. www.snelling.com

About Patriarch Partners, LLC:

Patriarch Partners is a vertically integrated distressed private equity firm with robust in-house operational turnaround expertise. Patriarch Partners, LLC ("Patriarch"), founded in 2000, was built upon a proprietary patented financial model designed to manage and monetize the distressed portfolios of financial institutions. Patriarch has since evolved into a global investment firm that concentrates on direct investments in stressed and distressed businesses, managing funds with over $7 billion of equity and secured loan assets with equity investments in more than 70 companies, and controlling interests in approximately two-thirds of these. For more information, please visit: www.patriarchpartners.com.

About WBENC:

The Women's Business Enterprise National Council is the nation's largest third party certifier of businesses owned and operated by women in the United States. WBENC is a resource for the more than 700 US companies and government agencies that rely on WBENC's certification as an integral part of their supplier diversity programs. www.wbenc.org/.

Patriarch PartnersRichard White, 212-825-6836
[email protected]

Source: Patriarch Partners, LLC