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Select says revenue up 4%

February 16, 2010

The Select Family of Companies, a Santa Barbara-based staffing firm, reported full-year 2009 revenue of $1.50 billion, a 3.6% increase over 2008 revenue of $1.45 billion.

Privately held Select announced the revenue number Friday shortly after a proposed merger with Atlas Acquisition Holdings Corp. fizzled. The deal would have made Select a publicly traded company.

More than 30% of Atlas' shareholders voted against the merger on Friday, preventing it from taking place.

Select Chairman and CEO Steve Sorensen said he wished the outcome of the merger effort was different, but said the company will carry on.

"Select attracted many blue-chip investors throughout this process as well as praise and attention from the industry's leading analysts," Sorensen said. "Select has operated very successfully for 25 years as a private company, so for us it is back to business as usual."

The effort to merge with Atlas and go public was announced back in December.