Staffing 360 Solutions acquires Clement May
Staffing 360 Solutions announced its entry into the Resource Process Outsourcing, or RPO, market with the acquisition of Clement May Limited. Based in London, Clement May is a growing, leading provider of IT recruitment services. For the trailing twelve months ended June 2018, Clement May generated revenues of approximately $50 million and operated profitably. "The acquisition of Clement May reflects our continuing focus on strategic M&A activity that, in concert with an intelligent integration program, is designed to drive top line growth towards our stated revenue goal of $500 million over the next two years and bring us one step closer to generating positive net income," said Brendan Flood, Chairman and Chief Executive Officer of Staffing 360 Solutions. The company notes the acquisition is accretive to shareholders.