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Kingsway, through its subsidiary Ravix Group, has completed the strategic acquisition of The HR Team, a specialized human resources firm based in Maryland. The transaction was funded with cash on hand and a seller note.
Founded in 1996 by Eileen Levitt, The HR Team is a respected HR outsourcing firm serving SMEs across a diverse range of sectors, including technology, construction, financial services, and nonprofits. From the outset, The HR Team has distinguished itself by delivering personalized, strategic HR support, acting as a cost-effective alternative to an in-house HR department. With a reputation built on tailored solutions, The HR Team has consistently prioritized culture fit, client trust, and strategic impact in its customized service model. The company generates an EBITDA of $0.2M.
The acquisition strengthens Ravix’s Office of the CFO platform by expanding HR capabilities, client base, and cross-selling opportunities.
“I am delighted to welcome The HR Team to Ravix,” said JT Fitzgerald, President and CEO of Kingsway. “This transaction highlights our broader strategy of backing our talented Operator CEO’s as they seek to grow their businesses, even after the initial acquisition. Timi is doing an exceptional job not only operating Ravix but also identifying and executing on new opportunities for growth. At Kingsway, our focus remains empowering our Operator CEO’s as they scale their businesses and pursue long-term value creation.”
“The HR Team is a strong strategic and cultural fit for Ravix,” said Timi Okah, CEO of Ravix. “Strategically, the acquisition expands our capabilities in HR services, strengthens our presence on the East Coast, and accelerates our growth in the nonprofit, membership organization, and government services verticals. Culturally, The HR Team’s commitment to outstanding customer service mirrors our client-centric model at Ravix. Bringing the two organizations together represents a meaningful step forward in our strategy to build a more diversified, high-retention business.”
