HireQuest - M&A Summary and Business Overview

StaffingCompany

HireQuest M&A Summary

HireQuest has acquired 9 companies, including 8 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

HireQuest’s largest acquisition to date was in 2021, when it acquired Snelling Staffing Services for $17M. It’s largest disclosed sale occurred in 2019, when it sold Command Center - California Locations to HireQuest for $2M. HireQuest has acquired in 7 different US states. The Company’s most targeted sectors include staffing (100%).

HireQuest Business Overview

Where is HireQuest headquartered?

HireQuest is headquartered in Goose Creek, South Carolina.

What is HireQuest’s revenue?

HireQuest disclosed revenue of 14M USD for 2020 and 16M USD for 2019.

How many employees does HireQuest have?

HireQuest has 40 employees.

What sector is HireQuest in?

HireQuest is a staffing company.

When was HireQuest founded?

HireQuest was founded in 2002.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity8
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

HireQuest

HireQuest, Inc.

111 Springhall Drive,
Goose Creek, South Carolina 29445
United States,
(843) 723-7400
www.hirequest.com

HireQuest is a provider of flexible on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services. Command Center, Inc. provides employment annually for approximately 32,000 field team members working for over 3,600 clients. HireQuest was founded in 2002 and is based in Goose Creek, South Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 2 - 4 2 - - 8
vol $28M $28M
Sell (0.0/yr) # 1 - - - - - 1
vol $2M $2M
  9

Most Recent M&A

Company Date Value Type
Northbound Executive Search 2022-01-25 - Add-on Acquisition
New York, New York · www.northboundsearch.com
dmDickason - Staffing Division 2022-01-10 - Divestiture
El Paso, Texas
Dental Power Staffing 2021-11-03 - Divestiture
Carrboro, North Carolina
Recruit Media, Inc. 2021-10-04 - Add-on Acquisition
Orlando, Florida · www.recruit.com
LINK Staffing Services, Inc. 2021-02-16 11M USD Add-on Acquisition
Anaheim, California · www.linkstaffing.com
Snelling Staffing Services 2021-02-01 17M USD Add-on Acquisition
Richardson, Texas · www.snelling.com
Command Center, Inc. - California Locations 2019-08-30 2M USD Divestiture
Lakewood, Colorado
Hire Quest LLC 2019-04-08 - Merger
Longmont, Colorado
Hancock Staffing 2016-06-06 - Add-on Acquisition
Oklahoma City, Oklahoma · www.hancockstaffing.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Staffing 9 (100%) 30M (100%) 1 (100%) 2M (100%)
Total 9 $30M 1 $2M

By Geo

State/Country Buy Value Sell Value
United States 9 30M 1 2M
  Colorado 2 2M 1 2M
  Texas 2 17M - -
  New York 1 - - -
  Florida 1 - - -
  California 1 11M - -
  Oklahoma 1 - - -
  North Carolina 1 - - -
Total 9 $30M 1 $2M

Top M&A Advisors

Financial Deals
D.A. Davidson & Co.
 1
Legal Deals
Olshan Frome Wolosky
 1

Deal Values

buy # Total
< $100M 3 $30M
TOTAL $30M
Largest Snelling Staffing Services
$17M (2021-02-01)
sell # Total
< $100M 1 $2M
TOTAL $2M
Largest Command Center, Inc. - California Locations
$2M (2019-08-30)

M&A Connections

Deals
Acquired from
Investor(s)
11%
1 (11%)
Strategic(s)
33%
3 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Staffing

Revenue

14   13% 2020
16   84% 2019
97   2% 2018
98   6% 2017
93   6% 2016
88   5% 2015
92   3% 2014
94   2013
(millions of USD) Show More Show Less

Employees

40

Established

2002

Public

NASDAQ: HQI

Former Name

Command Center, Inc. (Command Staffing LLC)

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Related Lists for HireQuest

South Carolina Companies , Staffing Companies , United States Companies , South Carolina Staffing Companies , South Carolina Staffing with Acquisitions

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