EmployBridge acquires Employment Plus
EmployBridge, a leading provider of outsourced human resource and specialty-branded temporary staffing services in the United States, announced today that it has acquired certain branch operations of Employment Plus, one of the fastest-growing staffing firms in the country. The combined entity will consist of over 235 branch and on-site locations. This move positions EmployBridge as one of the top 10 largest firms serving the light-industrial sector with total revenue projected to reach $ 1.0 billion.
"This acquisition is about creating a larger service footprint, leveraging innovative processes and extensive light industrial expertise to make us the best staffing service in the sector," said Tom Bickes, President and Chief Executive Officer of EmployBridge. "Employment Plus is highly regarded for their innovative 6 Step Plus Process this combined with the unique offerings from the EmployBridge brands creates significant opportunities to provide our candidates and clients with a level of expertise and service that sets industry standards."
Commenting on the acquisition, Mike Ross, CEO of Employment Plus stated, "I am extremely proud of what our Employment Plus team has achieved and grateful for the many contributions made by our dedicated managers and associates. The team at EmployBridge is enthusiastic in their support and we're excited about moving forward. I believe this is a great match that will benefit our two companies, the people we place and the clients we serve." Mr. Ross will continue on the executive team of the combined company.
Shawn Poole, executive vice president and chief financial officer of EmployBridge further commented, "Employment Plus fits perfectly into our growth plan – complimentary cultures, shared values, aligned business goals and strategic locations which will enhance our market coverage." Poole went on to say, "We are confident that the acquisition will produce significant opportunities to accelerate revenue growth and create synergies through the sharing of best practices, specialty brands and innovation."
Ravinia Capital LLC, a Chicago-based middle market investment bank, served as corporate and transaction advisor to Employment Plus.