Elwood Staffing Services has acquired Multi Staffing Services Inc.
Elwood Staffing Services has acquired Multi Staffing Services Inc. of Alabama, Mississippi and Tennessee.Combined the two companies represent $200-plus million in annual revenues, and operate 45 branch offices in 10 states - Alabama, Georgia, Indiana, Kentucky, Michigan, Mississippi, Nevada, Ohio, Tennessee, and Texas.The companies employ 230 corporate staff, and place more than 30,000 temporary associates each year in light manufacturing, third party logistics, call centre, office/clerical, professional and engineering positions. Medical Connections Holdings, Inc., a national provider of medical recruitment and staffing services, has recently entered into a Letter of Intent to acquire a Florida-based healthcare staffing company whose revenue for 2009 was approximately $7 million. Medical Connections' President, Anthony Nicolosi, commented, "This acquisition is consistent with our acquisition strategy of acquiring well-run companies and folding them into our operation. This Florida-based company runs a profitable operation with virtually the same business lines as Medical Connections, helping us to build market share within our core competencies. Additionally, we will continue to seek out strong acquisitions that will contribute to earnings and market presence. This acquisition brings us one step closer to profitability and we are working diligently to get this and future acquisitions secured in a timely manner. These steps will allow us to move to a larger exchange in the near future."