Optima Completes a Hat Trick of Deals
This is the 3 recent deal completion for Optima, following:
1. The merger of Acumin Consulting (the market leading Cyber Security recruiter) with Red Snapper Group in July
2. The sale of Ship Shape Recruitment (a construction recruitment agency to CDI Anders Elite in October.
The JM Group provides IT workforce solutions to a diverse set of clients across the financial services, professional services and corporate sectors. Founded in 1981, The JM Group has been one of the UK’s leading recruitment firms for over 3 decades.
Staffing 360 Solutions, Inc. (NASDAQ: STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and International staffing organisations with operations in the US and UK. As part of its targeted Consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT industries.
“We believe this is a fantastic match for both organisations and we are pleased to join Staffing 360 Solutions, “commented Stuart Milton, Chairman of The JM Group.
Louise Smith, Managing Director of The JM Group added, “We are excited to become part of a dynamic, international company with a high quality leadership team and look forward to the growth opportunities that this will provide.”
“The acquisition of The JM Group is a significant addition to our organisation and is a major development for our company,” stated Brendan Flood, Executive Chairman of Staffing 360 Solutions.
The transaction was completed in less than 3 months due to the pragmatic approach of all parties and advisors. Brendan Flood noted that the transaction was run in a particularly smooth and professional way.
Optima continues to see a healthy deal flow and we expect M&A activity levels to continue into 2016.