M&A Deal Summary

HireQuest Acquires Snelling Staffing Services

On February 1, 2021, HireQuest acquired staffing company Snelling Staffing Services from Patriarch Partners for 17M USD

Acquisition Highlights
  • This is HireQuest’s 4th transaction in the Staffing sector.
  • This is HireQuest’s largest (disclosed) transaction.
  • This is HireQuest’s 4th transaction in the United States.
  • This is HireQuest’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-02-01
Target Snelling Staffing Services
Sector Staffing
Buyer(s) HireQuest
Sellers(s) Patriarch Partners
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

Snelling Staffing Services

Richardson, Texas, United States
Snelling Staffing Services provides temporary staffing services with over 5,500 clients and more than 110 branches and franchises nationally. Snelling Staffing Services was formed in 1951 and is based in Richardson, Texas.

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Buyer(S) 1

Buyer

HireQuest

Goose Creek, South Carolina, United States

Category Company
Founded 2002
Sector Staffing
Employees96
Revenue 38M USD (2023)
DESCRIPTION

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. HireQuest was founded in 2002 and is based in Goose Creek, South Carolina.


DEAL STATS #
Overall 4 of 9
Sector (Staffing) 4 of 9
Type (Add-on Acquisition) 2 of 5
State (Texas) 1 of 2
Country (United States) 4 of 9
Year (2021) 1 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-30 Command Center - California Locations

Lakewood, Colorado, United States

Command Center, Inc. - California Locations is a provider of staffing solution in California.

Sell $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 LINK Staffing Services

Anaheim, California, United States

LINK Staffing Services, Inc. is a staffing agency for jobs in light industrial, professional, administrative, and skilled trades. LINK Staffing Services is based in Anaheim, California.

Buy $11M

Seller(S) 1

SELLER

Patriarch Partners

New York, New York, United States

Investor


Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Patriarch Partners is an operationally focused private investment firm focused on acquiring and turning around troubled companies. The Firm will consider opportunities throughout the US and does not have any stated investment preferences. Patriarch Partners was established in 2000 and is headquartered in New York City.


DEAL STATS #
Overall 10 of 12
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 10 of 12
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Hussey Copper

Leetsdale, Pennsylvania, United States

Hussey Copper is a manufacturer of copper bus bars and other copper products in the United States. With a fully integrated mill, the company provides a wide range of flat-rolled copper products for the electrical distribution, industrial and residential construction markets. Through its locations in Leetsdale, PA, and Eminence, KY, Hussey is vertically integrated to capitalize on the trend towards outsourced fabrication. As a fully integrated producer, Hussey manufactures its products by melting and casting its copper to provide the finished product or component part. Hussey produces a wide range of copper and, to a lesser extent, copper-nickel products. Hussey Copper was founded in 1848 and is based in Leetsdale, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 PDP

Sherman Oaks, California, United States

PDP manufactures quality licensed peripherals and accessories for all major video game platforms. The company's portfolio of brands include affordably priced lines, quality customizable products, stylized controllers, and high quality, high performance products to give eSports professionals and core gamers a competitive edge. PDP was founded in 1990 and is based in Sherman Oaks, California.

Sell -