M&A Deal Summary

Recruit Holdings Acquires Staffmark Holdings

On October 18, 2011, Recruit Holdings acquired staffing company Staffmark Holdings from Compass Diversified for 295M USD

Acquisition Highlights
  • This is Recruit Holdings’ 1st transaction in the Staffing sector.
  • This is Recruit Holdings’ 6th largest (disclosed) transaction.
  • This is Recruit Holdings’ 1st transaction in the United States.
  • This is Recruit Holdings’ 1st transaction in Ohio.

M&A Deal Summary
Date 2011-10-18
Target Staffmark Holdings
Sector Staffing
Buyer(s) Recruit Holdings
Sellers(s) Compass Diversified
Deal Type Add-on Acquisition
Deal Value 295M USD

Target

Staffmark Holdings

Cincinnati, Ohio, United States
Staffmark is a provider of staffing services in the United States, operating predominantly under the well recognized brand name, 'Staffmark.' Staffmark operates over 300 locations, providing staffing solutions across a comprehensive range of disciplines. Staffmark's customized approach and market-specific knowledge are competitive advantages in a dynamic labor and economic environment.

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Buyer(S) 1

Buyer

Recruit Holdings

Tokyo, Japan
Category Company
Founded 1960
Sector Business Services
Employees51,373
Revenue 3.42T JPY (2024)
DESCRIPTION

Recruit Holdings is a global human resources and information services company. Recruit's HR services include temporary staffing, permanent placement, recruitment advertising, consulting, assessment and training. Recruit Holdings was formed in 1960 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 16
Sector (Staffing) 1 of 10
Type (Add-on Acquisition) 1 of 15
State (Ohio) 1 of 1
Country (United States) 1 of 5
Year (2011) 1 of 1
Size (of disclosed) 6 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-04 Advantage Resourcing America

Tokyo, Japan

Advantage is a member of a family of Staffing companies owned by parent Recruit Holdings Co., Ltd., based in Tokyo Japan. Advantage has offices in the U.S., Canada, UK and Sydney Australia. The Advantage service delivery model is “local market focus”, meaning that Advantage learns client requirements for primary skill sets in every local market we serve.

Buy $410M

Seller(S) 1

SELLER

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $20 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.

DEAL STATS #
Overall 5 of 15
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Ohio) 1 of 1
Country (United States) 5 of 14
Year (2011) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-24 CamelBak Products

Petaluma, California, United States

CamelBak Products LLC is a provider of personal hydration solutions for outdoor, recreation and military use. The company's products include hydration packs, reusable bottles and individual purification and filtration systems.

Buy $258M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-06 Arnold Magnetic

Rochester, New York, United States

Arnold Magnetic is a manufacturer of engineered, mission-critical magnetic products for aerospace, military, alternative energy, and industrial applications. Arnold Magnetic was established in 1989 and is based in Rochester, New York.

Buy $131M
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