Staffing provider Vaco acquired Lannick, a finance and accounting professional recruitment and consulting firm serving the Greater Toronto Area. The deal expands Vaco's geographic footprint and is the linchpin of its Northern expansion plan.

Including Lannick’s projected revenue of $40 million for 2017, Vaco’s projected revenue for 2017 are expected to surpass $458 million.

The transaction closed Aug. 2; terms were not disclosed. Lannick’s management team will remain.

Lannick is Vaco’s largest acquisition to date and its second international acquisition in four months; it acquired Binary Semantics, an India-headquartered software development and systems integration company, at the end of March.

Founded in 1985, Toronto-based Lannick provides finance, accounting and technology professionals through its three divisions: Lannick Finance & Accounting, Pro Count Staffing and Lannick Technology. Lannick places more than 1,000 candidates annually and is a preferred vendor for many Canadian organizations.

“Vaco is talent centric, not location centric, so as exciting as it is to expand into the vibrant city of Toronto, it is even more thrilling to add the abilities and energy of this incredible Lannick team,” said Vaco co-founder and CEO Jerry Bostelman. “As we worked out the complex deal points, it was obvious that alongside this creative, committed, culture-driven team, together we were stronger. Internally we will top grade our processes, connect our extraordinary players and collaborate about how we collectively become more impactful in the lives of our clients, candidates and consultants.”

Vaco provides consulting, contract and direct hire services in sectors including accounting, finance, technology, healthcare, operations, administration and more. It is headquartered in Tennessee, with offices throughout the US, and more acquisitions appear likely.

“Vaco is committed to fielding the greatest team of professionals this industry has ever seen, and we are agnostic as to how they come to Vaco,” Bostelman said. “We've been successful through targeted acquisitions, liberating talented malcontents from competitors and developing high potential players new to the industry.”