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EmployBridge announced yesterday it has acquired all 60 branch operations of Employment Plus in a move that positions EmployBridge among the 10 largest firms serving the light-industrial sector. Total revenue is projected to reach $1.0 billion.
The transaction closed Oct. 21 and terms were not disclosed.
“This acquisition is about creating a larger service footprint, leveraging innovative processes and extensive light industrial expertise to make us the best staffing service in the sector,” said Tom Bickes, president and chief executive officer of EmployBridge.
Employment Plus operates 60 branches — predominately in Michigan, Indiana, Ohio and Kentucky — while EmployBridge counts 177 branches and onsite locations in 40 states.
EmployBridge intends to maintain the EmployBridge name in the acquired branches and its executives will remain with the company.
“All executives will remain and play a critical role going forward,” Bickes said. “CEO Mike Ross will become part of our executive team. He will continue to drive the locations of Employment Plus and will have an active role for the entire sales within the organization.”
Staffing Industry Analysts ranked EmployBridge as the 22nd largest staffing firm and the10th largest industrial staffing firm in the U.S. based on 2012 revenue.
Employment Plus ranked as the 38th largest staffing firm and the 14th largest industrial staffing firm in the U.S.