HSS Group is a leading provider of outsourced staffing solutions and cleaning services to the full service hospitality market. HSS Group is a holding company whose primary subsidiary, HSS Staffing Solutions, provides full-time labor to nearly 300 hotel, resort, and casino properties across the United States with its workforce of over 4,000 housekeepers, kitchen/banquet staff, and other hotel operations personnel. The company also owns IHS Staffing Services, which proves third-shift janitorial services to full service hotels.
Caltius Mezzanine’s financing was used to fund a shareholder dividend. The investment was structured as a one-stop senior/mezzanine financing including senior secured notes and subordinated notes with warrants. After its initial investment, Caltius Mezzanine provided an additional financing to fund another shareholder dividend.