Reston, VA – March 12, 2023 – Sunfield Advisors, a top-tier mergers and acquisitions (M&A) advisory firm, is pleased to report the successful acquisition of Xela Group—a Virginia-based provider of IT talent and solutions—by a leading technology services company. With this transaction, Sunfield Advisors further cements its role as a premier M&A advisor, driving industry consolidation and growth, helping clients achieve strategic growth through mergers and acquisitions.
Headquartered in Reston, Virginia, Xela Group is a leading provider of IT staffing, workforce solutions, and consulting services, specializing in contingent staffing, direct hire, contract-to-hire, and project-based solutions. The company serves a diverse range of industries, including financial services, healthcare, technology, retail, manufacturing, and telecom.
The acquisition allows the buyer, a fast-growing technology services firm, to strengthen its capabilities in workforce solutions, IT project execution, and digital transformation consulting, leveraging Xela Group’s established expertise and client relationships.
The transaction was led by Jim McNabb, Managing Director at Sunfield Advisors, and Rajib Kabir, CEO of Sunfield Advisors.
“Xela Group has built a strong reputation for delivering technology talent that drives digital transformation across industries. This acquisition not only strengthens the buyer’s ability to scale its IT project execution but also solidifies Xela’s role in shaping the future of workforce solutions in financial services, healthcare, and telecom,” said Jim McNabb, Managing Director at Sunfield Advisors. “As the sole sell-side advisor, we ensured a strategic handover that safeguarded our client’s interests and enabled sustainable growth under the new ownership.”
With rising demand for IT workforce solutions and project-based consulting, Sunfield Advisors continues to be a trusted partner in staffing industry M&A, helping companies navigate complex transactions to achieve long-term success.
About Sunfield Advisors
Sunfield Advisors excels in orchestrating mergers and acquisitions in the technology services sector. Their global connections and innovative strategies have consistently resulted in successful transactions, enabling companies like Xela Group to expand their reach and capabilities in a competitive market.
About Xela Group
Based in Reston, Virginia, Xela Group is a leading IT staffing and workforce solutions provider, offering customized talent acquisition and technology services to Fortune 1000 clients. The company’s commitment to innovation, service excellence, and client success has positioned it as a trusted partner in the industry.