Staffing 360 Solutions to acquire transatlantic recruiter Initio International
11 December 2013
Initio International, the parent company of the UK’s Longbridge Recruitment and US firm Monroe Staffing, is to be acquired by New York-based Staffing 360 Solutions.
Wed, 11 Dec 2013Initio International, the parent company of the UK’s Longbridge Recruitment and US firm Monroe Staffing, is to be acquired by New York-based Staffing 360 Solutions.
The deal sees Initio director Matt Briand become co-chief executive officer of Staffing 360, while Initio chair Brendan Flood will take on the role of executive chairman of the board of directors of the acquiring firm.
Allan Hartley, Staffing 360 CEO – now co-CEO – says: “Initio boosts our overall size and scale by a significant margin, expands our cross-border presence in Europe, and brings decades of industry experience by combining our executive management teams into a publicly-traded vehicle.”
The deal sees Initio director Matt Briand become co-chief executive officer of Staffing 360, while Initio chair Brendan Flood will take on the role of executive chairman of the board of directors of the acquiring firm.
Allan Hartley, Staffing 360 CEO – now co-CEO – says: “Initio boosts our overall size and scale by a significant margin, expands our cross-border presence in Europe, and brings decades of industry experience by combining our executive management teams into a publicly-traded vehicle.”
