M&A Deal Summary

Magnit Acquires WillHire

On September 29, 2021, Magnit acquired staffing company WillHire

Acquisition Highlights
  • This is Magnit’s 3rd transaction in the Staffing sector.
  • This is Magnit’s 3rd transaction in the United States.
  • This is Magnit’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-09-29
Target WillHire
Sector Staffing
Buyer(s) Magnit
Deal Type Add-on Acquisition

Target

WillHire

Austin, Texas, United States
WillHire is a direct sourcing and talent pool management platform helping several Fortune enterprises to attract and engage contract talent directly while significantly reducing spend. WillHire was founded in 2018 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Magnit

Folsom, California, United States

Category Company
Founded 1991
Sector Internet Software and Services
Employees600
DESCRIPTION

Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.


DEAL STATS #
Overall 4 of 5
Sector: Staffing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Workforce Logiq

Orlando, Florida, United States

Workforce Logiq is a global provider of software and services to large corporations in the fast-growing, global workforce management space. Workforce Logiq was formed in 1999 and is based in Orlando, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Geometric Results

Detroit, Michigan, United States

Geometric Results is an independent managed service provider (MSP) with $4 billion in managed non-employee labor spend and clients in more than 70 countries. The company maintains an independent position with regard to staffing suppliers and VMS technology platforms. GRI’s solutions offer management of clients’ total extended workforce program activity including contracting, supplier management, payment services, and advanced analytics; clients realize improved efficiency, increased transparency, and reduced cost. Geometric Results is based in Detroit, Michigan.

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