Staffing 360 Solutions acquires Key Resources in Greensboro, North Carolina
Staffing 360 Solutions announced its expansion of its commercial staffing presence in North Carolina with the acquisition of Key Resources, Inc. Headquartered in Greensboro, North Carolina, and with four office locations, Key Resources is a leading provider of distribution and supply chain personnel. For the trailing twelve months ended July 2018, Key Resources generated revenues of approximately $35 million and operated profitably. "The Carolinas have demonstrated to be, and continue to be, a substantial growth market," said Brendan Flood, Chairman and CEO of Staffing 360 Solutions. "The acquisition of Key Resources provides us with further opportunities to expand in this territory with a strong product offering managed by a talented management team. This transaction reflects our continuing commitment to growth through acquisition, intelligent integration, and it further advances us towards our revenue goal of $500 million in annualized revenues by the end of 2019." Key Resources will become part of the Commercial Staffing business stream under the management of Paul Polito, President Commercial Staffing. Staffing 360 Solutions on track to generate 2018 pro-forma annualized revenues of approximately $335 million.