Staffmark Acquired by Recruit Co., Ltd.
CINCINNATI, OH – October 17, 2011 – Staffmark announced today it has entered into a definitive agreement to be acquired by Japan-based Recruit Co., Ltd., (“Recruit”).
Recruit is one of the largest staffing providers in the world with 2010 revenue of approximately $4.5 billion. With the acquisition of Staffmark, the company’s combined revenue will top $5.5 billion and will make Recruit the fifth largest staffing services provider in the world.
Staffmark will continue operating under the Staffmark brand and corporate headquarters for the company will remain in Cincinnati, OH.
Commenting on the announcement, Staffmark’s President and CEO, Lesa J. Francis, said, “We are excited to join Recruit and become part of one of the global leaders in our industry. We believe our newly combined company will be able to offer additional resources and expertise to our customers.”
“Recruit analyzed a number of staffing companies across the United States, and we were extremely impressed with Staffmark’s growth and performance, as well as their high level of commitment to their customers and employees,” said Hitoshi Motohara, Chairman and Director of Recruit Co., Ltd. “As we continue to grow internationally, we believe Staffmark’s leadership team and quality of services will be an excellent platform on which to expand our operations in the United States.”
Staffmark is ranked as one of the top ten commercial staffing companies in the United States, and has been in business over 40 years. Headquartered in Cincinnati, Ohio, Staffmark operates over 300 locations, providing staffing solutions across a comprehensive range of disciplines. To find out more about Staffmark, please go to www.staffmark.com.
About Recruit Co., Ltd.
Founded in 1963 and privately held, Recruit is a leading provider of integrated human resource services. Recruit is also involved in marketing and promotional services, providing information for consumers in the form of magazines, internet, and mobile media. For more information on Recruit, please go to www.recruit.jp/corporate/english/