Tracked deals
4
4 tracked deals across 2021-2022.
Goose Creek, South Carolina, United States
HireQuest is a franchisor of staffing and workforce solutions, serving communities across the United States and internationally. Through its brands (including HireQuest Direct, MRINetwork, Snelling, and TradeCorp), the company provides on-demand, contract, and direct-hire placements across industries such as construction, light industrial, healthcare, manufacturing, finance, engineering, and cybersecurity.
Tracked deals
4
4 tracked deals across 2021-2022.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
3 buyout · 1 divestiture
Last 2 years
Supporting Data
HireQuest, Inc. entered into a definitive agreement to acquire Northbound Executive Search, a New York-based executive placement and short-term consultant firm founded in 2010 that generated over $15 million of revenue in 2021. HireQuest will fund the deal with cash on hand, a modest draw on its line of credit, $500,000 in HireQuest stock and a seller's note portion payable over three years; Northbound founders Rachel and Greg Feder will remain to lead the business.
HireQuest, Inc. entered into a definitive agreement to acquire the staffing division of dmDickason Personnel Services, a family-owned business based in El Paso, Texas. The deal includes three staffing offices in West Texas and New Mexico, which will be converted into Snelling franchise locations at closing, expected in Q1 2022.
HireQuest, Inc. (Nasdaq: HQI) has completed the acquisition of the Dental Power Staffing (DPS) division of Dental Power, a Carrboro, North Carolina–headquartered dental staffing firm. DPS will operate as a corporate-owned subsidiary of HireQuest and will serve as the platform to launch a HireQuest franchise offering tailored to the dental market.
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.
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