M&A Deal Summary

Spherion Staffing Acquires Todays Staffing

On September 20, 2007, Spherion Staffing acquired staffing company Todays Staffing from CDI Engineering Solutions for 40M USD

Acquisition Highlights
  • This is Spherion Staffing’s 1st transaction in the Staffing sector.
  • This is Spherion Staffing’s largest (disclosed) transaction.
  • This is Spherion Staffing’s 1st transaction in the United States.
  • This is Spherion Staffing’s 1st transaction in Florida.

M&A Deal Summary
Date 2007-09-20
Target Todays Staffing
Sector Staffing
Buyer(s) Spherion Staffing
Sellers(s) CDI Engineering Solutions
Deal Type Divestiture
Deal Value 40M USD

Target

Todays Staffing

Fort Lauderdale, Florida, United States
Todays Staffing, Inc. is a provider of placement services for administrative, accounting, engineering, human resources, law, and marketing professionals.

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Buyer(S) 1

Buyer

Spherion Staffing

Huntsville, Alabama, United States
Category Company
Founded 1946
Sector Staffing
DESCRIPTION

Spherion Corporation is a recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates.

DEAL STATS #
Overall 1 of 2
Sector (Staffing) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 2
Country (United States) 1 of 2
Year (2007) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-25 Spherion Outplacement Consulting Business

Fort Lauderdale,, Florida, United States

Spherion Corp., Outplacement Consulting Business,offers relocation, human resource and retirement transition consulting services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-15 Technisource

Ft. Lauderdale, Florida, United States

Technisource (formerly IntelliMark) was originally a roll-up of 21 information technology temporary-staffing companies acquired between 1997 and 1999 by Edgewater Technology, a public company. The company, initially located in Little Rock, AR, has two primary lines of business: IT Resources and IT Solutions. IT Resources provides temporary IT staffing to Fortune 1000, mid-market and emerging-market clients through nearly 30 branches nationwide. IT Solutions provides network consulting and design, integration and support services, help desk solutions and training.

Buy -

Seller(S) 1

SELLER

CDI Engineering Solutions

Houston, Texas, United States
Category Company
Founded 1950
Sector Staffing
Revenue 985M USD (2015)
DESCRIPTION

CDI Engineering Solutions is a provider of engineering, design, architecture and project support services to the energy, chemicals and infrastructure markets. CDI’s proven project management capabilities and a deep team of experts enable them to deliver the most complex and challenging projects, safely, on time and on budget. CDI Engineering Solutions was founded in 1950 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 4
Sector (Staffing) 1 of 4
Type (Divestiture) 1 of 3
State (Florida) 1 of 1
Country (United States) 1 of 4
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 AndersElite

United Kingdom

AndersElite, is a services staffing business in the UK, providing permanent, temporary and contract recruitment services for a wide variety of clients primarily in the construction and transportation industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-29 TK Engineering Associates

Cincinnati, Ohio, United States

TK Engineering Associates specializes in design, analysis, consulting and project engineering services for gas turbine engines utilized in aviation, as well as turbines utilized in both wind and traditional power generation.

Buy -
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