HireQuest Acquires Assets of Snelling Staffing
February 1, 2021
HireQuest, Inc., through its subsidiary HQ Snelling Corporation, entered into a definitive asset purchase agreement to acquire certain assets of Snelling Staffing for approximately $17.3 million (before working capital adjustments). The deal includes 48 Snelling locations (about $95 million in system-wide sales in 2020) and is intended to expand HireQuest’s commercial staffing capabilities and geographic footprint across the U.S.
- Buyers
- HireQuest, Inc., HQ Snelling Corporation
- Targets
- Snelling Staffing
- Sellers
- Snelling Staffing
- Industry
- Staffing & HR
- Location
- Texas, United States
- Transaction Type
- Buyout
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