BG Staffing Inc. announced that it has acquired Zycron Inc. for $19 million in cash, $1 million in stock, and certain earn out provisions. Zycron provides IT temporary staffing services to Fortune 500 companies and government agencies, and had revenues of approximately $38.3M for the year ended December 31, 2016. This deal marks the eighth acquisition for BG Staffing since 2009.
Military-focused recruiting firm Bradley-Morris Inc. (BMI) announced that it has acquired Loveland, Ohio-based RecruitMilitary, creating the largest military recruiting company in the US. Founded in 1998, RecruitMilitary produces military-to-civilian job fairs, operates a job board, publishes a print and digital employment magazine, and conducts veteran recruitment for various customers. RecruitMilitary will operate as a division of BMI. Deal terms were not disclosed.
Vector Technical Resources, which recently rebranded itself as Vector Talent Resources, announced that it has acquired the staffing services division of EEI Communications, a provider of editorial services based in Greenbelt, Maryland. Vector currently provides expert personnel in areas including writing, editing, proofreading, graphic and web design, and other services to federal, commercial, and non-profit customers. Deal terms were not disclosed.
AgentHero, a national network of real estate agents who are all veterans or military spouses, announced that it has merged with the Military Property Project (MPP) to create MILLIE. MPP provides military personnel and their spouses with the resources to manage, own, and invest in real estate. MILLIE is an online community to support military families during relocations to new duty locations. Deal terms were not disclosed.
Orion ICS LLC (Orion International) announced that is has acquired Novotus, a leading provider of Recruitment Process Outsourcing (RPO) and recruiting services. According to Mike Starich, CEO of Orion: "Orion has spent 25 years establishing ourselves as the market leader in Military Recruiting. With the acquisition of Novotus, we unite the nation’s top Military Talent Firm with a top, award-winning RPO firm. This powerful combination will enable each company to leverage the strengths of the other, and provide greater impact and opportunity for both our customers and candidates.”
Deal terms were not disclosed.
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