Staffing 360 Solutions Inc. (NASD: STAF) acquired The JM Group, a London-based IT staffing firm.

The transaction closed Nov. 4. The JM Group reports a run-rate of approximately $25 million in annualized revenue.

The brand will remain; executives will stay with the firm and retain their current titles.

Founded in 1981, The JM Group targets the financial services, professional services and corporate sectors in the United Kingdom.

“The acquisition of The JM Group is a significant addition to our organization and is a major development for our company,” Staffing 360 Executive Chairman Brendan Flood. “Enhancing our IT service offerings, which is a high-margin sector of the staffing industry, is a key initiative for our company. The JM Group is a great company that strengthens the depth of our operations in the United Kingdom and complements our previous acquisitions in this geography.”

Staffing 360 now expects its annualized revenue run-rate to exceed $170 million on a consolidated basis.

The JM Group has more than 25 employees in its London office.

Staffing 360 in July acquired engineering staffing firm Lighthouse Placement Services LLC and discussed plans to acquire more firms.