Command Center acquires Hancock Staffing
Command Center, Inc. has acquired substantially all of the assets of Hancock Staffing.
Hancock Staffing operated branches in both Little Rock, Arkansas, and Oklahoma City, Oklahoma. These two branches have annualised revenue of approximately $8m and will be immediately accretive to earnings. Hancock Staffing provides services in the same general market segments that Command Center currently operates, including light industrial, construction, hospitality and event services.
Hancock Staffing says it differentiated its position in the staffing industry by building on the experience of its team. Founder Tom Hancock, a retired United States Army Lieutenant Colonel (Special Forces Vietnam and Desert Storm), had over 15 years of industry experience in the staffing industry. Hancock recently passed away, however, he left a very experienced team in each of the offices.
Vice president of sales and operations in Arkansas, Ed Gough, is a retired United States Marine Corps Gunnery Sergeant and has ten years’ experience in the labor and staffing industry. Vice president of sales and operations for the Oklahoma office, Stan Visser, is also a retired United States Marine and has over 15 years’ experience in the industry. Other employees at each office have been with the company for a number of years and provide valuable experience and quality service for their customers. This collective experience and commitment to service has translated into sustained, successful operations out of each location.
“Hancock Staffing is a well-established staffing name in Oklahoma and Arkansas,” said Bubba Sandford, Command Center’s president and CEO. “Acquiring their operations strengthens our presence in these two important markets and is a prudent allocation of capital that we expect will produce an attractive return for our shareholders. Our current corporate office staff in Denver will be able to support the Hancock offices without additional headcount. Similar to our organization, Hancock Staffing has built their business on a service-oriented culture, which has fostered high-quality, long-term client relationships. This acquisition is the right fit for us, and we look forward to welcoming their exceptional team into our organization.”