IT staffing provider TSR Inc. (NASD: TSRI) announced it will pursue at least one strategic acquisition following its review of strategic alternatives. The acquired firm would be in the same business sector as TSR or a complimentary business sector.

TSR’s board in July formed a special committee to review alternatives, which included a possible sale of the company. Last month, the company rejected a nonbinding buyout offer from shareholder QAR Industries Inc.

The committee is now authorized to begin approaching certain potential acquisition candidates and facilitate a deal.

“The special committee and its advisors conducted a disciplined and independent strategic alternatives process to ensure the best outcome to maximize value for stockholders,” said TSR President Christopher Hughes. “The board believes that pursuing a strategic acquisition is in the best interests of all TSR stockholders.”