Public Company Business Services

HireQuest

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.

Focus Areas
Staffing & Recruiting, Contract / Temporary Staffing, Franchise / Network Staffing
Website
hirequest.com

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

HireQuest Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for HireQuest. 2 2021 2 2022

Supporting Data

Recent Transactions

  • Buyer
    HireQuest, Inc.
    Target
    Northbound Executive Search, LTD.
    Seller
    Rachel Feder, Greg Feder
    Industry
    Staffing & HR
    Type
    Buyout

    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.

  • Buyer
    HireQuest, Inc.
    Target
    dmDickason Personnel Services (staffing division)
    Seller
    dmDickason Personnel Services (family-owned)
    Industry
    Staffing & HR
    Type
    Buyout

    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.

  • Buyer
    HireQuest, Inc.
    Target
    Dental Power Staffing (DPS)
    Seller
    Dental Power
    Industry
    Staffing & HR

    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.

  • Buyer
    HireQuest, Inc., HQ Snelling Corporation
    Target
    Snelling Staffing
    Seller
    Snelling Staffing
    Industry
    Staffing & HR
    Type
    Buyout

    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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