US Corporate Resource Services makes first unnamed UK acquisition
18 September 2013
US-based technology, staffing, recruiting and consulting services firm Corporate Resource Services has signed a letter of intent to acquire an as yet unknown UK-based technology and staffing company.
Wed, 18 Sep 2013US-based technology, staffing, recruiting and consulting services firm Corporate Resource Services has signed a letter of intent to acquire an as yet unidentified UK-based technology and staffing company.
Mark Levine, chief operating officer for CRS, says: “This is the first step for CRS to enter into the European marketplace. The management team at this company is comprised of true professionals and we are very excited to have them as our platform for expansion in the UK. Their business model is identical to ours, but with higher margins, proprietary innovative staffing software and a vibrant customer base that offers CRS many international cross-selling opportunities.”
Michael Golde, CRS’s chief financial officer, adds: “CRS’s expansion into the UK is the first step to execute on our strategic initiative to become an international service provider. We believe this will enhance our profitability and increase our shareholder value. We expect to close this acquisition in the fourth quarter.”
CRS did not respond to recruiter.co.uk’s request for further comment.
Mark Levine, chief operating officer for CRS, says: “This is the first step for CRS to enter into the European marketplace. The management team at this company is comprised of true professionals and we are very excited to have them as our platform for expansion in the UK. Their business model is identical to ours, but with higher margins, proprietary innovative staffing software and a vibrant customer base that offers CRS many international cross-selling opportunities.”
Michael Golde, CRS’s chief financial officer, adds: “CRS’s expansion into the UK is the first step to execute on our strategic initiative to become an international service provider. We believe this will enhance our profitability and increase our shareholder value. We expect to close this acquisition in the fourth quarter.”
CRS did not respond to recruiter.co.uk’s request for further comment.
