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Private equity firm to acquire CDI for $157.5 million

July 31, 2017

CDI Corp. (NYSE: CDI), a Philadelphia-based provider of IT and engineering staffing, agreed to be acquired by affiliates of AE Industrial Partners LLC, a private equity investor specializing in aerospace, power generation and specialty industrial companies. Upon completion of the transaction, which is...


Staffmark CEO takes on corresponding role at Advantage Resourcing

July 31, 2017

Recruit Holdings, one of the world’s largest staffing firms, placed its US-based companies — Advantage Resourcing and Staffmark — under one CEO. Effective July 29, Staffmark CEO Geno Cutolo also oversees Advantage Resourcing operations as CEO of Advantage Resourcing America Inc.

Cutolo took over...


SIA ranks largest IT staffing firms in US by revenue

July 31, 2017

Allegis Group’s TEKsystems division ranks as the largest supplier of IT temporary staffing in the US with a 12% market share, according to Staffing Industry Analysts’ 2017 list of largest IT staffing firms in the US released last week. On Assignment ranks No. 2 with a market share of 6% and Insight...


Hospitality Staffing Solutions expands in Denver with acquisition

July 31, 2017

Hospitality Staffing Solutions LLC — a staffing provider for the hospitality industry — acquired DEZ Staffing LLC, which provide hospitality and industrial staffing services in the Denver market.

The transaction closed today and terms were not disclosed. The DEZ Staffing brand, branch office and staff...


Embracing the gig economy: You’re already a player in it (The National Law Review)

July 31, 2017

Whether they realize it or not, the stark reality is that all companies are historically, currently, or imminently real players in the gig economy, The National Law Review reports. It examines related issues that all companies should be mindful of.


Canada targets tech sector as US tightens H-1B program (Wall Street Journal)

July 31, 2017

Canada’s pilot program to slash waiting times for work permits and temporary resident visas from one year to two weeks is attracting tech players worried about new immigration policies in the US, the Wall Street Journal reports. “A year ago, the only people I could talk to were ex-Canadians who missed...


SIA lists 110 fastest-growing US staffing firms for 2017

July 28, 2017

Staffing Industry Analysts today released its annual list of fastest-growing US staffing firms, which includes 110 firms with at least  compound annual growth in revenue from 2012 through 2016 of at least 15%.

Hayes Locums topped the list with CAGR at 147.2%.

Here are the top 10 fastest-growing staffing...


BG Staffing revenue rises 10% in Q2, gross margin improves

July 28, 2017

Revenue at BG Staffing Inc. (NYSE MKT: BGSF) rose 9.8% in the second quarter. Gross margin and net income also improved at the Plano, Texas-based staffing provider.

(US$ thousands) Q2 2017 Q2 2016 % change
Revenue $68,774 $62,615 9.8%
Gross profit $17,227 $15,185 ...


US GDP rebounds to 2.6% in second quarter

July 28, 2017

US real gross domestic product grew at an annual rate of 2.6% in the second quarter, according to the “advance” estimate of GDP growth released today by the US Commerce Department.

In the first quarter, real GDP advanced 1.2%.

The economy was bolstered by a rebound in consumer spending, the largest...


People: Floyd Lee Locums, ZRG, Sales Search Partners and more

July 28, 2017

Floyd Lee Locums, a physician staffing firm based in Charleston, SC, announced Michelle Lathan took over as director of operations in May. Lathan has more than 10 years of experience in locum tenens and recruitment and most recently was with Mint Physicians. Floyd Lee Locums is an expansion of the locum...