HireQuest Acquires dmDickason's Staffing Division.
MANews-(C)2009-2022
US-based staffing services provider HireQuest, Inc. (NASDAQ: HQI) has entered into a definitive agreement to acquire the staffing division of Texas-based dmDickason Personnel Services, the company said.
The staffing division has three offices, two in El Paso, Texas, and one in Las Cruces, New Mexico, which generated approximately USD 18m in revenue in 2021.
The three offices will be converted into Snelling franchise locations at the close of the transaction.
HireQuest said it will fund this acquisition with existing cash on hand and a modest draw on its line of credit.
Completion of this transaction is subject to a number of closing conditions. Subject to such conditions, the transaction is expected to close in 1Q22.
During the interim, the staffing division of dmDickason...
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