McGrath Systems acquires staffing division
McGrath Systems, based in Pennsylvania, has acquired a Pennsylvania-based staffing and recruiting firm, which makes approximately USD 3.5m in revenue.
The acquisition focused on the firm’s contract-staffing division and is aligned with McGrath’s strategy to expand the company’s core verticals, along with doubling its size within the next two years.
President/CEO of McGrath, Mike Wiley, stated, “This acquisition is another step toward our goal for 2017.
“Our plan for the acquisition is to increase the revenue by USD 1m from [this] book and further, increase the current margin by 3 to 5%.
“Our ability to leverage economies of scale should help drive these increases.”