December 05, 2023
HireQuest Inc. (NASDAQ: HQI), a staffing franchisor primarily based in Goose Creek, South Carolina, introduced Dec. 4 that it closed its acquisition of TEC Staffing Companies, a Fort Smith, Arkansas-based gentle industrial, clerical, technical {and professional} staffing supplier.
The acquisition was first introduced Oct. 24.
As well as, HireQuest additionally closed on the sale of all of TEC’s workplaces all through Northwest and Central Arkansas to franchisees and accomplished changing the workplaces to HireQuest’s Snelling franchise mannequin.
TEC Staffing Companies, based in 1979, generated greater than $34 million in whole income for the trailing 12-month interval ended Sept. 30.
“TEC Staffing Companies has been a premier supplier of staffing providers to the employers and staff in Northwest and Central Arkansas for over 40 years,” Rick Hermanns, president and CEO of HireQuest, stated in a press launch. “Now we have some nice groups of our current franchisees partnering with members of TEC’s management, and we’re excited for the chance they need to proceed serving the area as a part of the Snelling franchise household.”
Based in 2002, HireQuest operates greater than 400 workplaces by its HireQuest Direct, HireQuest, Snelling, HireQuest Well being, DriverQuest, TradeCorp, MRI, SearchPath International and Northbound Govt Search manufacturers.
