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Staffing Industry Analysts Announces 2015 List of Fastest-growing Staffing Firms

Mountain View, Calif. —  September 17, 2015 —  The 2015 list of fastest-growing U.S. staffing firms was released by Staffing Industry Analysts, the global advisor on contingent work. This year, 102 staffing firms qualified for the annual list. The list ranks firms by compound annual growth rate (CAGR) from 2010 through 2014 excluding acquisitions. Loyal Source, posted a rate of 160.4% to top the list.

The median CAGR for the 10 fastest-growing firms was 61.0% and for the full list was 24.2%.  However, firms must have had a compound annual growth rate of at least 15% to qualify, By staffing specialty, 36% of firms on the full list reported information technology staffing as one of their top segments, while 32% reported industrial staffing, and 22% reported healthcare staffing as one of their top segments.

The top 10 fastest-growing US staffing firms are:

Company 2014 US Staffing Revenue
($ millions)
Compound Annual Growth Rate 2010-2014
1. Loyal Source 89.4 160.4%
2. Brilliant 21.5 75.7%
3. Phaidon International 11.8 74.2%
4. ALKU 68.7 66.1%
5. Holland Square Group 15.2 61.1%
6. CCS Construction Staffing 17.5 60.8%
7. CorTech 145.0 55.9%
8. EHD Technologies LLC 27.7 53.9%
9. The Select Group LLC 81.6 45.0%
10. Spectraforce Technologies 54.1 43.1%

“With 102 firms, this is the largest number of companies to qualify for the list since we began producing it in 2005,” said Craig Johnson, senior managing editor for Staffing Industry Analysts. “And the competition to be among the 10 fastest-growing was intense with many firms posting exceptional growth rates.”

Staffing Industry Analysts defined staffing revenue as revenue from temporary staffing, direct hire, retained search and temp-to-perm conversion fees. Firms with franchised operations included revenue from franchisees, and for firms with international operations, only U.S. revenue was considered. For purposes of this list, staffing revenue did not include revenue from payroll services, PEO services, MSP fees or pass-through funds, RPO operations, HRO operations, or online staffing services.

This year, Staffing Industry Analysts also interviewed the 10 fastest-growing staffing firms to learn about their businesses and what fuels their growth. The story will appear in the October 2015 issue of Staffing Industry Review magazine. The story and the full list of the 102 fastest-growing firms can also be found on the web at http://fastestgrowing.staffingindustry.com/

The 2015 list of fastest-growing U.S. staffing and talent engagement firms is sponsored by Bullhorn, which provides cloud-based CRM solutions for companies in business services industries, including specialized products for staffing firms.

About Staffing Industry Analysts
Staffing Industry Analysts is the source of global business information about workforce solutions. Known for its objective, independent research, analysis and insights focused on staffing and contingent work, the company offers membership, events training and publications across the workforce solutions ecosystem. These proprietary tools and techniques enable companies to make better-informed decisions, execute strategies that accelerate growth, improve business results and minimize risk. Founded in 1989 and acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information: www.staffingindustry.com.

About Bullhorn
Bullhorn provides cloud-based CRM solutions for companies in business services industries. For staffing firms, a combination of Bullhorn Back Office and Bullhorn Onboarding makes it possible to drastically reduce the time spent creating customized paperwork and onboarding candidates, leaving the firm or time to build and strengthen client relationships. Headquartered in Boston, the company has offices in St. Louis, London, and Sydney, with 500 employees globally. The company is founder-led and backed by Vista Equity Partners.

Media Contact
Phil Grabfield, VP, Head of Marketing, Staffing Industry Analysts, pgrabfield@staffingindustry.com, +1 650 390-6197