Staffing 360 Solutions makes Initio International acquisition
A.J. Cervantes, president of Staffing 360 Solutions said, “This acquisition represents a major inflection point for our company. The pure size of the acquisition, at over $80 million inanticipated revenues, places us in the top 30 public staffing companies in the United States.
As we continue to extend our reach in countries around the globe, we look forward to relaying our exciting developments and important milestones, all while maintaining a steadfast commitment to growth in revenue, earnings and ultimately shareholder value”.
As a result of the acquisition, Brendan Flood, chairman and CEO of Initio International Holdings, will move from his current role to executive chairman of Staffing 360 Solutions.
Matt Briand, director of Initio International, will be named CEO of Staffing 360 Solutions and will take responsibility for all business units within Staffing 360. Briand said, “The acquisition will kick off 2014 with an exciting start to the year and we are very excited to welcome the opportunity of joining Staffing 360 Solutions. The expertise and knowledge of our Monroe Staffing and Longbridge colleagues, compliments the Staffing 360 growth projections and we look forward to building continuous success under the new parent company”.