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General Employment acquires Nextaff, Employment Edge operator

September 11, 2014

General Employment Enterprises Inc. (NYSE MKT: JOB) acquired Pivot Companies LLC, which operates three brands:

  • Nextaff, a franchised back-office support system for staffing companies.
  • Employment Edge, a provider of professional employer organization services.
  • Staff Systems, a private back-office support platform for staffing companies.

Terms of the transaction were not announced.

“In Pivot, we saw unique opportunities in their offerings and management team to create a platform for further organic growth and the opportunity for strategic acquisitions that will even further boost our offerings to the marketplace,” General Employment CEO Andrew Norstrud said. “The staffing industry is highly fragmented and primed for consolidation and the addition of Staff Systems will provide us the onboarding platform to quickly integrate future acquisitions and provide a unique solution to acquisitions candidates that are unqualified based on our strict acquisition guidelines.”

Pivot is based in Overland Park, Kan.

Pivot Employment Platforms has approximately 2,000 employees throughout 22 states on assignment at peak periods, 200 active and diverse end-user customers, more than 30 staffing professionals working in 10 locations, and a combined payroll of approximately $50 million throughout the U.S.