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BG Staffing acquires Donovan & Watkins staffing operations

February 27, 2015

BG Staffing Inc. (NYSE: BGSF), a Plano, Texas-based staffing firm, acquired the Donovan & Watkins division of the Willis Group. Donovan & Watkins provides finance/accounting staffing and administrative/clerical staffing, and had been a part of the Willis Group portfolio since 2006. The deal closed last month.

"We've experienced enormous growth in the last four years, and the models upon which our business is built have become more divergent, creating efficiency challenges," said Mike Willis, chairman of the Willis Group. "The logical move, both for efficiency and for the future growth of our firm, is to focus on our core strength of IT staffing and solutions."

 All personnel have transferred to BG Staffing, and Donovan & Watkins will continue to operate under its own brand.

BG Staffing subsidiary BGFA paid an aggregate of $8.5 million, subject to a working capital adjustment and further adjustment, according to a filing with the US Securities and Exchange Commission.

BG Staffing provides staffing solutions to a variety of industries through three divisions: IT; light industrial; and multi-family, which provides front office and maintenance personnel on temporary basis to apartment communities. It ranks on Staffing Industry Analysts' lists of largest US staffing firms and fastest-growing US staffing firms.