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New York-based staffing firm Corporate Resource Services Inc. (NASD: CRRS) acquired Nationwide Screening Services located in Melville, New York. The transaction closed today and terms were not disclosed. Nationwide Screening Services has revenue of $3 million.
The Nationwide Screening Services brand will remain and its executives — Vice President of Sales Lara Bilello and Vice President of Operations and Business Development Tim Kiley — will stay with the firm.
“The Nationwide Screening Services acquisition immediately creates shareholder value for Corporate Resource Services,” said Corporate Resource Services Chief Operating Officer Mark Levine. “Nationwide Screening Services will bring gross margins of over 65 percent to CRS, which is complementary to our overall strategic plan of increasing the corporation’s profitability. The growth opportunities in the screening space are tremendous and we plan on leveraging these service offerings throughout the CRS network of locations.”
Corporate Resource Services operates 244 staffing and on-site facilities throughout the United States and the United Kingdom. It ranks 28th on Staffing Industry Analysts’ list of fastest-growing staffing firms in the U.S.