Sectorwatch: Staffing · 2019-04-04 · 3 Overview 7MA provides Investment Banking & Advisory...
Transcript of Sectorwatch: Staffing · 2019-04-04 · 3 Overview 7MA provides Investment Banking & Advisory...
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Sectorwatch:StaffingApril 2019
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StaffingApril 2019
Sector Dashboard [4]
Public Basket Performance [5]
Operational Metrics [7]
Valuation Comparison [10]
Recent Deals [13]
Appendix [14]
7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. Alldata cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7MSecurities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated asconfidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.
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Overview
7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. We publish our sectorwatch, a review of M&A and operational trends in the industries we focus.
Dashboard• Summary metrics on the sector
• Commentary on market momentum by
comparing the most recent 12-month
performance against the last 3-year
averages.
Public Basket Performance• Summary valuation and operating metrics for
a basket of comparable public companies
Valuation Comparison• Graphical, detailed comparison of valuation
multiples for the public basket
Recent Deals• The most recently announced deals in the
sector
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Dashboard
Operating Metrics
Valuation
Revenue Growth Momentum
0.8% 1 - year revenue growth compared to revenue growth
average for last 3 years
Pricing / Gross Margin Momentum
1.4% 1 - year gross profit % compared to gross profit %
average for last 3 years
Profitability Momentum
0.1% 1 - year EBITDA % compared to EBITDA % average for
last 3 years
Current revenue growth rate exceeds the average of the last 3 years by this
amount, indicating that market momentum is increasing
Current gross profit margin exceeds the average of the last 3 years gross profit
margin by this amount, indicating supplier pricing power
Current EBITDA margin exceeds the average of the last 3 years EBITDA margin
by this amount, a condition that may attract new entrants
5.2%
8.9%
28.3%
0% 10% 20% 30%
Median LTM Rev. Growth %
Median LTM EBITDA Margin %
Median LTM GP Margin %
0.7x
8.3x
9.4x
17.7x
0x 5x 10x 15x 20x
Median TEV / LTM Revenue
Median TEV / LTM EBITDA
Median TEV / LTM EBIT
Median Price / LTM Earnings
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Public Basket
Company TEV $mLTM Rev
$m
Rev Growth
YoY GP %EBITDA
%TEV / Rev X
TEV / EBITDA
X # FTEsRev / FTE $k
Trigyn Technologies Limited 12 115 19% 33% 9% 0.1 1.1 - NA
BG Staffing, Inc. 247 287 5% 27% 9% 0.9 9.7 349 822
Kelly Services, Inc. 850 5,514 3% 18% 2% 0.2 7.2 7,900 698
Kforce Inc. 960 1,418 4% 29% 6% 0.7 10.9 2,400 591
Korn Ferry 2,358 1,911 13% 28% 15% 1.2 8.3 7,643 250
ASGN Incorporated 4,472 3,400 29% 30% 11% 1.3 12.0 4,300 791
ManpowerGroup Inc. 5,685 21,991 5% 16% 4% 0.3 6.2 30,000 733
Robert Half International Inc. 7,640 5,800 10% 42% 11% 1.3 11.7 18,900 307
Adecco Group AG 10,321 27,327 1% 19% 5% 0.4 8.0 34,000 804
Average 3,616 7,529 10% 27% 8% 0.7 8.3 11,721 624
Median 2,358 3,400 5% 28% 9% 0.7 8.3 7,643 716
share price as of 04Apr19
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Public Basket Valuation Trends
Public EBITDA Multiples over Time
Public Revenue Multiples over Time
9.5x
0.6x
0x
2x
4x
6x
8x
10x
12x
14x
Jul-
14
Oct
-14
Jan
-15
Ap
r-1
5
Jul-
15
Oct
-15
Jan
-16
Ap
r-1
6
Jul-
16
Oct
-16
Jan
-17
Ap
r-1
7
Jul-
17
Oct
-17
Jan
-18
Ap
r-1
8
Jul-
18
Oct
-18
Jan
-19
Ap
r-1
9
TEV/EBITDA - Median TEV/Revenue - Median
TEV/EBITDA - Average TEV/Revenue - Average
0.0x
0.2x
0.4x
0.6x
0.8x
Jul-
14
Oct
-14
Jan
-15
Apr
-15
Jul-
15
Oct
-15
Jan
-16
Apr
-16
Jul-
16
Oct
-16
Jan
-17
Apr
-17
Jul-
17
Oct
-17
Jan
-18
Apr
-18
Jul-
18
Oct
-18
Jan
-19
Apr
-19
TEV/Revenue - Median TEV/Revenue - Average
0x
5x
10x
15x
Jul-
14
Oct
-14
Jan
-15
Apr
-15
Jul-
15
Oct
-15
Jan
-16
Apr
-16
Jul-
16
Oct
-16
Jan
-17
Apr
-17
Jul-
17
Oct
-17
Jan
-18
Apr
-18
Jul-
18
Oct
-18
Jan
-19
Apr
-19
TEV/EBITDA - Median TEV/EBITDA - Average
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Operational Metrics
LTM Gross Profit Margin % LTM EBITDA %
- 4% 8% 12% 16% 20%
Median
Kelly Services, Inc.
ManpowerGroup Inc.
Adecco Group AG
Kforce Inc.
BG Staffing, Inc.
Trigyn TechnologiesLimited
ASGN Incorporated
Robert HalfInternational Inc.
Korn Ferry
- 20% 40% 60%
Median
ManpowerGroup Inc.
Kelly Services, Inc.
Adecco Group AG
BG Staffing, Inc.
Korn Ferry
Kforce Inc.
ASGN Incorporated
Trigyn Technologies Limited
Robert Half International Inc.
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Operational Metrics
LTM Revenue Growth %LTM Revenue per
Full Time Employee x 000’s
- 10% 20% 30%
Median
Adecco Group AG
Kelly Services, Inc.
Kforce Inc.
ManpowerGroup Inc.
BG Staffing, Inc.
Robert Half International Inc.
Korn Ferry
Trigyn Technologies Limited
ASGN Incorporated
$- $400 $800 $1,200
Median
Korn Ferry
Robert Half International Inc.
Kforce Inc.
Kelly Services, Inc.
ManpowerGroup Inc.
ASGN Incorporated
Adecco Group AG
BG Staffing, Inc.
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Operational Metrics
Accounts Receivable TurnoverAverage Days
Sales Outstanding
0x 2x 4x 6x 8x 10x
Median
ManpowerGroup Inc.
Kelly Services, Inc.
Korn Ferry
Adecco Group AG
Kforce Inc.
ASGN Incorporated
Robert Half InternationalInc.
BG Staffing, Inc.
0 30 60 90 120
Median
BG Staffing, Inc.
Robert Half InternationalInc.
ASGN Incorporated
Kforce Inc.
Adecco Group AG
Korn Ferry
Kelly Services, Inc.
ManpowerGroup Inc.
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Valuation
TEV / LTM Revenue TEV / LTM EBITDA
0x 1x 2x 3x
Median
Trigyn TechnologiesLimited
Kelly Services, Inc.
ManpowerGroup Inc.
Adecco Group AG
Kforce Inc.
BG Staffing, Inc.
Korn Ferry
ASGN Incorporated
Robert Half InternationalInc.
0x 5x 10x 15x 20x
Median
Trigyn TechnologiesLimited
ManpowerGroup Inc.
Kelly Services, Inc.
Adecco Group AG
Korn Ferry
BG Staffing, Inc.
Kforce Inc.
Robert Half InternationalInc.
ASGN Incorporated
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Valuation
TEV / LTM EBIT Price / LTM Earnings
0x 5x 10x 15x 20x
Median
Trigyn TechnologiesLimited
ManpowerGroup Inc.
Adecco Group AG
Kelly Services, Inc.
Korn Ferry
Kforce Inc.
BG Staffing, Inc.
Robert Half InternationalInc.
ASGN Incorporated
0x 20x 40x 60x
Median
Trigyn TechnologiesLimited
ManpowerGroup Inc.
BG Staffing, Inc.
Kforce Inc.
Adecco Group AG
Robert Half InternationalInc.
ASGN Incorporated
Korn Ferry
Kelly Services, Inc.
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Valuation
Historical Valuation Multiples versus Gross Profit
Historical Valuation Multiples versus Revenue Growth Rate
1x 6x 7x 8x 8x 10x 11x 12x 12x
32.5%
16.3% 17.6%
18.6%
28.3%
26.7%
29.5%
41.6%
30.1%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
0x
2x
4x
6x
8x
10x
12x
14x
LTM
GP%
EBIT
DA(x
)
EBITDA(x) LTM GP%
1x 6x 7x 8x 8x 10x 11x 12x 12x
18.9%
4.5%
2.6%
0.9%
12.5%
5.2% 4.4%
10.1%
29.5%
0%
5%
10%
15%
20%
25%
30%
35%
0x
2x
4x
6x
8x
10x
12x
14x
LTM
RG
R%
EBIT
DA(x
)
EBITDA(x) LTM RGR%
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Recent TransactionsDate Target Buyer / Investor
Total Transaction
Value Target
Revenue TEV /
Revenue TEV /
EBITDA
21Mar19 JJJ International Inc. Morningside Venture Capital 11.00 - - -
28Feb19 Kforce Government Holdings, Inc. ManTech International Corporation 115.00 - - 13.0x
15Feb19 TalentRISE, LLC Aleron Group - - - -
18Jan19 SLAIT Consulting, LLC ePlus Technology, inc. 50.70 - - -
2Jan19 Global Technology Associates, LLC/NextGen Global Resources, LLC
Kelly Services, Inc. 85.00 - - -
7Nov18 Temporary Staffing Business of NTT Data Management Service Corporation
Pasona Human Solutions Inc. - - - -
5Nov18 Eliassen Group, LLC Stone Point Capital LLC - - - -
30Aug18 Business Talent Group, LLC Kelly Services, Inc. - - - -
27Aug18 Key Resources Inc. Monroe Staffing Services LLC 12.16 35.00 0.3x -
26Jun18 CXO Resources, Inc. Vector Talent Resources Inc. - - - -
7Jun18 1st Solution USA Optomi, LLC - - - -
5Jun18 PDS Tech, Inc. AKKA Technologies SE - 260.00 - -
30Apr18 Motion Recruitment Partners, LLC - - - - -
23Apr18 Strategic Resources International, Inc. Peraton Corporation - - - -
31Mar18 BOC Staffing Solutions The Panther Group, Inc. - - - -
23Feb18 MBS Associates, Inc Kable Staffing Resources, LLC - - - -
20Feb18 Agility Staffing, Inc. Staffing Express, Inc. - - - -
5Feb18 Carnegie Affiliates, Inc. Resource 1 LLC - - - -
19Jan18 Arlington Resources, Inc. CornerStone Staffing Solutions, Inc. - - - -
10Jan18 Rumba Solutions LLC Technosoft Corporation - - - -
10Jan18 Healthcare Specialty Business of Kelly Services, Inc. InGenesis, Inc. - - - -
9Jan18 Kranect LLC KORE1, Inc. - - - -
22Dec17 Temporary Staffing Division of Magellan Search & Staffing
Diversified Staffing Services Ltd. - - - -
12Nov17 Vaco, LLC Olympus Partners; Olympus Growth Fund VI, L.P. - - - -
25Sep17 Principle Solutions Group, LLC Eliassen Group, LLC - - - -
15Sep17 firstPRO, Inc. Staffing 360 Solutions, Inc. 6.97 - - -
5Sep17 Teachers On Call, Inc. Kelly Services, Inc. 39.00 - - -
31Jul17 CDI Corp. AE Industrial Partners, LLC; Ae Industrial Partners Fund I-B, Lp; Ae Industrial Partners Fund I-A, Lp; AE Industrial Partners Fund I, LP
173.39 761.18 0.2x NM
7Jul17 InfoTrellis Inc. Mastech Digital, Inc. 55.00 22.00 - -
1Jun17 Peoplesource Staffing Solutions, Inc. People Store Staffing Solutions Inc. - - - -
1Apr17 Dahl Consulting, Inc. Doherty Staffing Solutions, Inc. - - - -
20Apr17 LCL Staffing LLC Intermountain Staffing, Inc. - - - -
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APPENDIX:
Public Basket
Constituents
7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. Alldata cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7MSecurities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated asconfidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.
StaffingApril 2019
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Public Basket
Trigyn Technologies Limited
Trigyn Technologies Limited provides communications and
information technology staffing support services in India and
internationally. The company offers IT staffing services for
application development; software quality assurance and control;
database design and administration; network design,
implementation, migration, and administration; data
warehousing; Internet/Intranet architecture; legacy support and
migration; and regulatory compliance. It also provides managed
services, such as general/requested and industry/technology
specific training; program, regional, and site specific
management; resources deployment; resource deployments
logistics; program management; backend support and
management; and reporting and analysis. In addition, the
company offers digital marketing services, such as research,
strategy, UX, and creative; Websites, portals, and Intranets;
mobile apps and responsive sites; social media; content;
analytics; and result services. Trigyn Technologies Limited was
incorporated in 1986 and is headquartered in Mumbai, India.
Date Key Development Headline7/12/18 Trigyn Technologies Limited as Consortium Partner with ESDS
Software Solutions Private Limited Enter into Master Service
Agreement to Build and Operate Datacenter on Revenue Sharing
Model with Software Technology Park of India At Electronic City
Bengaluru
0.0x
0.2x
0.4x
0.6x
0.8x
Revenue Multiples - Trigyn Technologies Limited
TEV/Revenue Average
0x
2x
4x
6x
8x
10x
EBITDA Multiples - Trigyn Technologies Limited
TEV/EBITDA Average
0x
5x
10x
15x
P/E Multiples - Trigyn Technologies Limited
P/E Average
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Public Basket
BG Staffing, Inc.
BG Staffing, Inc. provides temporary staffing services in the
United States. It operates in three segments: Multifamily,
Professional, and Commercial. The Multifamily segment offers
temporary front office and maintenance personnel to the various
apartment communities. The Professional segment provides
skilled temporary IT professionals with expertise in SAP,
Workday, Olik View, Hyperion, Oracle, project management, and
other IT staffing skills, as well as finance, accounting, and related
support personnel. The Commercial segment offers temporary
workers for various skilled and unskilled positions primarily to
manufacturing, distribution, logistics, and call center customers.
The company was formerly known as LTN Staffing, LLC and
changed its name to BG Staffing, Inc. in November 2013. BG
Staffing, Inc. is headquartered in Plano, Texas.
Date Key Development Headline10/30/18 BG Staffing Seeks Acquisitions
0.0x
0.3x
0.6x
0.9x
1.2x
1.5x
Revenue Multiples - BG Staffing, Inc.
TEV/Revenue Average
0x
5x
10x
15xEBITDA Multiples - BG Staffing, Inc.
TEV/EBITDA Average
0x
20x
40x
60x
80xP/E Multiples - BG Staffing, Inc.
P/E Average
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Public Basket
Kelly Services, Inc.
Kelly Services, Inc., together with its subsidiaries, provides
workforce solutions to various industries worldwide. The
company operates through three segments: Americas Staffing,
Global Talent Solutions (GTS), and International Staffing. It
provides trained employees for data entry, clerical, and
administrative support roles across various industries; schools
with instructional and non-instructional employees; support staff
for seminars, sales, and trade shows; assemblers, quality control
inspectors, and technicians for electronic assembly;
maintenance workers, material handlers, and assemblers for
light industrial works; scientists, and scientific and clinical
research workforce solutions; engineering professionals across
various disciplines, including aeronautical, chemical,
civil/structural, electrical/instrumentation, environmental,
industrial, mechanical, petroleum, pharmaceutical, quality, and
telecommunications. Kelly Services, Inc. was founded in 1946
and is headquartered in Troy, Michigan.
Date Key Development Headline1/7/19 Kelly Services Inc. (NasdaqGS:KELY.A) acquired Global
Technology Associates LLC and NextGen Global Resources LLC
for $85 million.
11/27/18 Kenzie Academy and Kelly Services Announce Partnership
0.0x
0.1x
0.2x
0.3xRevenue Multiples - Kelly Services, Inc.
TEV/Revenue Average
0x
5x
10x
15x
20xEBITDA Multiples - Kelly Services, Inc.
TEV/EBITDA Average
0x
10x
20x
30x
40x
P/E Multiples - Kelly Services, Inc.
P/E Average
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Public Basket
Kforce Inc.
Kforce Inc. provides professional staffing services and solutions
in the United States and internationally. It operates through
Technology (Tech), Finance and Accounting (FA), and
Government Solutions (GS) segments. The Tech segment
provides temporary staffing and permanent placement services
to its clients primarily in the areas of information technology,
such as systems/applications architecture and development,
project management, enterprise data management, business
intelligence, artificial intelligence, machine learning, network
architecture, and security. This segment serves clients in various
industries comprising financial services, communications,
insurance services, and government sectors. Kforce Inc. was
founded in 1962 and is headquartered in Tampa, Florida.
Date Key Development Headline3/31/19 ManTech International Corporation (NasdaqGS:MANT)
completed the acquisition of Kforce Government Holdings, Inc.
from Kforce Inc. (NasdaqGS:KFRC).
3/1/19 Kforce Inc., ManTech International Corporation - M&A Call
2/28/19 ManTech International Corporation (NasdaqGS:MANT) entered
into an agreement to acquire Kforce Government Holdings, Inc.
from Kforce Inc. (NasdaqGS:KFRC) for approximately $120
million.
2/6/19 Kforce Intends To Seek Acquisitions
5/1/18 Kforce To Seek Acquisitions
0.0x
0.2x
0.4x
0.6x
0.8x
1.0xRevenue Multiples - Kforce Inc.
TEV/Revenue Average
0x
5x
10x
15x
20xEBITDA Multiples - Kforce Inc.
TEV/EBITDA Average
0x
20x
40x
60x
80x P/E Multiples - Kforce Inc.
P/E Average
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Public Basket
Korn/Ferry International
Korn/Ferry International, together with its subsidiaries, provides
talent management solutions worldwide. It operates through
three segments: Executive Search, Hay Group, and Futurestep.
The company provides executive search services to fill
executive-level positions, such as board directors, chief
executive officers, chief financial officers, chief operating officers,
chief information officers, chief human resource officers, and
other senior executive officers for clients in the consumer,
financial services, industrial, life sciences/healthcare provider,
technology, and educational/not-for-profit market sectors. It also
offers talent strategy, succession management, and leadership
development, as well as rewards, motivation, and engagement
solutions to assist clients with their ongoing assessment,
compensation, and development of senior executives and
management teams. In addition, the company provides various
talent acquisition process outsourcing, project recruitment,
professional search, talent consulting and employer branding,
and individual professional search and consulting services. It
serves public and private companies, and middle market and
emerging growth companies, as well as government and non-
profit organizations. Korn/Ferry International was founded in
1969 and is based in Los Angeles, California.
0x
1x
2x
3xRevenue Multiples - Korn Ferry
TEV/Revenue Average
0x
5x
10x
15x
20xEBITDA Multiples - Korn Ferry
TEV/EBITDA Average
0x
30x
60x
90x
120xP/E Multiples - Korn Ferry
P/E Average
Date Key Development Headline1/31/19 Korn Ferry Partners with University of Miami to Offer New Career
Tools to Graduate Business Students
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Public Basket
ASGN Incorporated
ASGN Incorporated provides IT and professional services in the
technology, creative/digital, engineering, and life sciences fields
across commercial and government sectors in the United State
and internationally. The company operates through Apex,
Oxford, and ECS segments. The Apex segment offers technical,
scientific, digital, and creative services and solutions to Fortune
1000 and mid-market clients. The Oxford segment provides
technical, digital, engineering, and life sciences services and
solutions in various skill and geographic markets. The ECS
Segment delivers advanced solutions in cloud, cybersecurity,
artificial intelligence, machine learning, software development, IT
modernization, and science and engineering, as well as focused
on Federal Government activities. The company was formerly
known as On Assignment, Inc. and changed its name to ASGN
Incorporated in April 2018. ASGN Incorporated was founded in
1985 and is headquartered in Calabasas, California.
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Public Basket
ManpowerGroup Inc.
ManpowerGroup Inc. provides workforce solutions and services
in the Americas, Southern Europe, Northern Europe, and the
Asia Pacific Middle East region. The company’s recruitment
service portfolio includes permanent, temporary, and contract
recruitment of professionals, as well as administrative and
industrial positions. It also offers various assessment services;
training and development services; career management; and
outsourcing services related to human resources functions
primarily in the areas of large-scale recruiting and workforce-
intensive initiatives. In addition, the company provides workforce
consulting services; contingent staffing and permanent
recruitment services; professional resourcing and project-based
solutions in information technology, engineering, and finance
fields; solutions in the areas of organizational efficiency,
individual development, and career mobility; and recruitment
process outsourcing, TAPFIN managed, and talent based
outsourcing services, as well as Proservia services in the areas
of digital services market and IT infrastructure sector. It operates
through a network of approximately 2,700 offices in 80 countries
and territories. The company was founded in 1948 and is based
in Milwaukee, Wisconsin.
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Public Basket
Robert Half International Inc.
Robert Half International Inc. provides staffing and risk consulting
services in North America, South America, Europe, Asia, and
Australia. The company operates through three segments:
Temporary and Consultant Staffing, Permanent Placement
Staffing, and Risk Consulting and Internal Audit Services. It
places temporary personnel for accounting, finance, and
bookkeeping; temporary and full-time office and administrative
personnel consisting of executive and administrative assistants,
receptionists, and customer service representatives; full-time
accounting, financial, tax, and accounting operations personnel;
and information technology contract consultants and full-time
employees in the areas of platform systems integration to end-
user technical and desktop support, including specialists in
application development, networking, systems integration and
deployment, database design and administration, and security
and business continuity. The company also offers temporary and
full-time employees in attorney, paralegal, legal administrative,
and legal secretarial positions; and senior level project
professionals in the accounting and finance fields for financial
systems conversions, expansion into new markets, business
process reengineering, business systems performance
improvement, and post-merger financial consolidation. The
company was founded in 1948 and is headquartered in Menlo
Park, California.
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Public Basket
Adecco Group AG
Adecco Group AG, together with its subsidiaries, provides
workforce solutions to businesses and organizations worldwide.
The company provides temporary staffing, permanent
placement, and outsourcing services for clerical and support
personnel in the areas of office-based employment; and
candidates for blue collar job profiles across various industrial
and service sectors under the Adecco brand names, as well as
recruitment on demand and online staffing platform for hospitality
and events under Adia brand name. It also offers professional
staffing services in the information technology, and engineering
and technical business lines, finance and legal, and medical and
science business line under the Badenoch & Clark, Modis,
Spring Professional, and YOSS brand names. The company was
formerly known as Adecco S.A. Adecco Group AG was founded
in 1957 and is headquartered in Zurich, Switzerland.
Date Key Development Headline1/23/19 Group Fimmus BVBA acquired Adecco Home Services Nv from
Adecco Group AG (SWX:ADEN).
11/13/18 Managers of SARL PMS Médicalisation acquired SARL PMS
Médicalisation from Adecco Group AG (SWX:ADEN) in a
management buyout transaction.
4/15/18 Adecco Group AG (SWX:ADEN) signed a definitive agreement to
acquire General Assembly Space, Inc. for an enterprise value of
approximately $410 million.
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CONTACT INFO7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and
private capital transactions and provide market assessments and benchmarking. As a close-knit team with a long history together and a laser
focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets.
Securities offered through 7M Securities LLC.
Leroy Davis, Partner 704.899.5962 [email protected]
Tripp Davis, Partner 704.899.5762 [email protected]
Andy Johnston, Partner 704.899.5961 [email protected]
Ben Lunka, Managing Director 704.496.2995 [email protected]
Jeff Stoecklein, Managing Director 312.796.9330 [email protected]
Mark Landry, Managing Director 561.972.0609 [email protected]
Kristina Sergueeva, Director 704.899.5149 [email protected]
Neil Churman, Director 281.742.9340 [email protected]
John Cooper, Director 704.973.3996 [email protected]
Tim Frye, Director 704.973.3994 [email protected]
Nicholas Prendergast, Financial Analyst 704.973.3995 [email protected]
Ariail Siggins, Marketing Director 704.981.2908 [email protected]
Sydney Larese, Associate 704.973.3998 [email protected]
Marty Johnson, Associate 704.973.3999 [email protected]
Rory Julyan, Associate 704.981.2520 [email protected]
Garth Martin, Associate 704.973.3997 [email protected]
Dennis Fox, Associate 704.706.9168 [email protected]
Steve Buffington, Associate 704.960.1828 [email protected]
Emily Halstenberg 704.409.9912 [email protected]