Corporate Resource Services acquires FlexPlus
"We are very excited with the addition of FlexPlus to our team," said Mark S. Levine, chief operating officer for Corporate Resource Services. "This acquisition will act as our platform company in Europe and we will be utilizing the existing management team at FlexPlus to build our European business both organically and through acquisitions."
"The FlexPlus acquisition gives us a strategic presence in the UK and Europe," said Michael J. Golde, chief financial officer of CRS. "This is a major win and will enable us to execute on cross-selling opportunities into the United Kingdom with CRS' existing client base. We see great potential in the UK and broader European market as economic conditions are improving and the demand for recruitment is expanding. FlexPlus's technology offerings are also a perfect fit with ours. The acquisition will be immediately accretive to earnings, and as we welcome FlexPlus into our family, we see a clear path to creating even greater overall profitability and increasing value for our shareholders."