Elwood Staffing acquires York Companies
The acquisition includes three York Companies branch offices located in Louisville and Shepherdsville, Kentucky, and Murfreesboro, Tennessee. York Companies’ Jeffersonville, Indiana, client base will now be served by Elwood’s Clarksville, Indiana, office.
This marks the fourth acquisition for Elwood in the past two years. In July of 2014, Elwood gained 12 offices with the acquisition of the Midwest staffing provider, Encore Staffing Services. "The Elwood family has known the Hester family for more than a decade. They've done a wonderful job growing their business and helping job seekers pursue their full potential, and we're happy to continue that work as they move on to explore other interests," says Elwood Staffing CEO, Mark S. Elwood.
The addition of York Companies' clients to Elwood's existing portfolio will boost its daily total employment of contingent workers in the Louisville and Murfreesboro markets to approximately 1,100. Elwood plans to rebrand all York Companies offices under the Elwood Staffing name, with completion expected in a few short weeks.
With the acquisition of York Companies, Elwood continues to grow its market share and lead the industry with over 250 service locations throughout 31 states and Canada, annual revenues of approximately $900 million, employment of nearly 29,000 temporary associates daily, and partnerships with more than 6,000 companies annually. Financial details of the transaction were not announced.