Corporate Resource Services acquires Cameo Employment Services
The diversified technology, staffing, recruiting and consulting services company confirmed the decision with a statement from its CEO. John Messina said, "We are very excited to acquire Cameo Employment Services and add to our already robust presence in the Southern California marketplace. This acquisition is a perfect fit for us and we will immediately see incremental revenues and profitability from the addition of Cameo's operations."
"CRS will realize increased gross margins with this acquisition and Cameo's base of business generates higher average bill rates than our traditional business," said Frank Vaccaro, president of sales at Corporate Resource Services. "We will continue to support the growth of Cameo's customer base throughout the Southern California marketplace. Through this acquisition, CRS continues to demonstrate our ability to integrate higher margin business into our existing regions and leverage new service offerings to other clients throughout California."
Corporate Resource Services, Inc. provides cloud-based enterprise applications and hosting services to PEO and staffing companies, as well as diversified staffing, recruiting, and consulting services.