S.i. Systems ULC, the fifth-largest staffing firm in Canada, acquired HVN Solutions, an IT staffing and consulting firm based in Toronto.

“In combining our strengths, we are accelerating our efforts to become Canada’s premier choice for on-demand IT professionals by expanding our talent offerings and advancing our professional services and statement-of-work capabilities,” Leonie Tyler, president of S.i. Systems, said in a press release.

The deal was announced Feb. 20, but terms of the transaction were not released.

HVN Solutions was formed in October 2022 through the combination of HireValues and Nucleo Digital.

“As HVN Solutions embarks on this exciting journey with S.i. Systems, we’re not just combining companies, we’re integrating expertise, innovation, passion and, most importantly, shared values where our clients always come first,” Andrew Kieran, co-founder at HVN Solutions, said in a press release.

S.i. Systems itself was acquired in November 2022 by Cornell Capital LLC and TorQuest Partners in partnership with S.i. Systems founder and CEO Derek Bullen. Cornell Capital is a private equity firm based in New York and Hong Kong. TorQuest Partners is a private equity firm headquartered in Toronto.

S.i. Systems had also announced its first US acquisition back in October with its purchase of Elgin Consulting, a Minneapolis-based firm specializing in technology staffing, recruitment process outsourcing and workforce solutions.