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BG Staffing acquires Chicago-based finance/accounting staffing firm; its ninth acquisition

September 21, 2017

BG Staffing Inc. (NYSE MKT: BGSF), a Plano, Texas-based staffing firm, acquired substantially all the assets of Smart Resources Inc., a privately held temporary and direct-hire finance and accounting staffing provider in Chicago.

Smart Resources had annual revenue of approximately $13.2 million in 2016. The purchase price was $6 million in cash and certain earn-out provisions. Texas Capital Bank, the lead agent, provided financing for the acquisition through BG’s existing credit facility.

 “The completion of the Smart Resources acquisition builds on our strategic plan to increase our professional staffing services and expand our finance and accounting offerings into the Chicago metroplex,” said BG Staffing President and CEO L. Allen Baker Jr.

The deal is BG Staffing’s ninth acquisition. With the addition of the Smart Resources offices, BG Staffing now operates 64 offices in 26 states.

BG Staffing provides staffing in three segments: professional, commercial and multifamily (front-office and maintenance personnel to the multi-family housing industry).