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Elwood Staffing acquires Encore Staffing Services

July 25, 2014

Elwood Staffing purchased the assets of Encore Staffing Services, the commercial staffing division of Spencer Reed Group LLC. The transaction closed July 20; terms were not disclosed.

The acquisition includes 12 Encore branch offices in metropolitan locations across the Midwest, West Coast and Northeast, and expands Elwood's service footprint into Missouri and Kansas. It also broadens Elwood’s presence in California, Colorado, Texas, Arizona and Pennsylvania.

"Encore's light industrial specialization is Elwood's bread and butter, so this is a natural fit that strengthens our presence in new and existing markets,” said Elwood CEO Mark S. Elwood. “We've got our eyes set on growth, and this move increases our ability to meet client demands in a fast-growing, competitive industry."

Elwood plans to rebrand all Encore offices to Elwood Staffing within 90 days. Encore’s 12 offices have roughly 35 internal employees — including branch managers, area managers, recruiting specialists and sales people —all of whom will join Elwood.

Elwood Staffing ranked No. 11 on Staffing Industry Analysts’ 2014 list of largest industrial staffing firms in the U.S., with 2013 U.S. industrial staffing revenue of $719 million. The company is on pace to do about $900 million in staffing revenue this year, excluding Encore, according to CEO Elwood. Encore counted $35 million in revenue in 2013, he said.

This marks the second acquisition for Elwood in the past 18 months. In February 2013, Elwood acquired SOS Employment Group, a transaction that doubled its staff count and service footprint.

Spencer Reed Group retains three offices following the acquisition and will focus on executive search and professional staffing.