ST. LOUIS, Sept. 11, 2025 /PRNewswire/ — Interlock Equity (“Interlock”), a Los Angeles–based private equity firm, today announced a strategic growth investment in VeloSource (“the Company”), a leading provider of locum tenens staffing solutions. The partnership will accelerate VeloSource’s expansion, strengthen its specialty expertise, and advance its technology platform to better serve healthcare providers nationwide.
Founded in 2015 by Jeff Schaal and Patrick Donovan, VeloSource was built around a clear vision: connect healthcare organizations with the highest-quality physicians and advanced practitioners to ensure exceptional patient care. Today, the Company partners with hospitals, health systems, universities, and physician groups across the U.S., delivering top-tier staffing solutions that address critical workforce needs.
“Jeff and I are incredibly excited to join forces with Interlock Equity to bring outcome-driven Locum Tenens to the healthcare industry. Interlock offers key strategic support and client relationship synergy to rapidly foster growth in a competitive landscape. As I transition to the Board, I have every confidence in Jeff and our team’s ability to achieve unparalleled excellence in the delivery of locum tenens solutions,” said Patrick Donovan, Founder/Partner at VeloSource.
“Partnering with Interlock represents an exciting new chapter for our company. Their commitment to innovation and long-term growth reflects our own values, and we look forward to what we can achieve together. I’m thrilled about the opportunities this partnership provides to our team members as we further growth by fostering our unique culture and broadening our locum tenens solutions with a client-centric approach to the industry,” said Jeff Schaal, CEO and Founder at VeloSource.
“VeloSource is addressing one of the most urgent challenges in healthcare – bridging persistent provider shortages with highly qualified locum tenens professionals,” said Rob Zielinski, Managing Director at Interlock. “The Company is uniquely positioned to capture strong industry tailwinds, and we are excited to support Jeff, Patrick, and the entire VeloSource team in their next phase of growth while preserving the culture that has attracted top talent to the organization.”
Mike Orend, Managing Director at Interlock, added: “Jeff and Patrick have built an extraordinary company that stands out as a destination employer in the locum staffing industry. Their trusted client relationships, commitment to excellence, and people-first culture are exactly what we look for in a partner.”
About VeloSource
Recognized by Staffing Industry Analysts as a 2025 “Best Staffing Firm to Work For,” VeloSource is a premier healthcare staffing and recruitment agency specializing in locum tenens services. With a nationwide network of highly qualified providers, VeloSource delivers tailored workforce solutions that empower healthcare facilities to maintain continuity of care and achieve better patient outcomes.
About Interlock Equity
Founded in 2021 and headquartered in Los Angeles, Interlock Equity is a private equity firm dedicated to partnering with leadership teams of knowledge-based, people-driven businesses. Interlock invests in lower middle-market companies across North America, with a focus on mission-critical B2B and healthcare services. By providing strategic capital, deep industry expertise, and a collaborative approach, Interlock helps founders and management teams unlock transformative growth.
CONTACT:
Mike Gianas
VeloSource
(314) 297 – 0362
[email protected]
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SOURCE VeloSource
