Staffing 360 Solutions, Inc. (STAF)

Staffing 360 Solutions:
Providing Broad Based Staffing Services

                           


An Emerging Growth Staffing Industry Consolidator

Staffing 360 Solutions is committed to creating a major international publicly-held staffing organization with diversified staffing services through this targeted accretive acquisition strategy.

Staffing 360 believes that a consolidation strategy is ideally suited for the highly fragmented temporary staffing industry, which has an estimated 15,000 companies generating less than $20 million in revenues in the United States alone. Staffing 360 has developed a significant pipeline of acquisition targets in the IT, financial, accounting, healthcare and banking industries. The company’s veteran management team has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions, and has significant experience in locating and evaluating prospective target companies. 

A Fragmented Industry that is Ripe for Consolidation

Globally, staffing companies generate about $280 billion in annual revenue, according to the International Confederation of Private Employment Agencies (CIETT). There are approximately 70,000 private employment services agencies around the world, with the top 10 companies accounting for about a third of industry sales. Overall, Europe is the largest regional staffing services market with 40% of annual revenue, followed by the United States.

Firms specializing in professional staffing are particularly attractive as acquisition targets, because of the higher margin and longer term nature of their business.

For additional industry data, a white paper on the staffing industry is available here.

Staffing 360 Solutions' Executives

The management team at Staffing 360 represents a unique mix of highly-qualified staffing agency and public company experience. In particular Staffing 360’s Executive Chairman, its CEO, and the rest of its executive management team represent over 50 years of combined experience in the staffing industry.

Brendan Flood
Executive Chairman

Mr. Flood, is the Executive Chairman of Staffing 360 Solutions, as well as the Chairman and CEO of its subsidiary, Staffing 360 Solutions Limited (f/k/a Initio International Holdings Limited). Prior to Initio, he spent seven years at Hudson Global, Inc. (Nasdaq: HSON) in various roles in Europe and the United States, culminating with Mr. Flood leading the company's IPO and listing of its common stock on the Nasdaq National Market in 2003. During 2004 and 2005 he was the CFO/COO for Hudson North America returning this business to profitability after several loss-making years. Prior to the IPO in 2003, Hudson was part of what is now Monster Worldwide, Inc., the parent company of Monster.com for which Mr. Flood was responsible in 2002. As part of the global realignment of Monster Worldwide, Inc. in November 2001, Mr. Flood became CFO for all of the company’s operations in the Americas which amounted to $1.8 billion of annualized revenues. Prior to settling in the UK, he graduated from Dublin City University (Ireland) with a Bachelor of Arts degree in Accounting and Finance.

Alfonso J. Cervantes
Vice Chairman & President

Mr. Cervantes, is Vice Chairman, President and founder of Staffing 360 Solutions. For over 30 years Mr. Cervantes has accumulated extensive experience in diversified businesses in the public markets with proven strengths in corporate finance and strategic advisory services. Since 2002, Mr. Cervantes has been Chairman and Chief Executive Officer of Trilogy Capital Partners, Inc., a New York-based financial services group. His experience includes M&A, APOs, strategic communications and reorganization of middle-market companies. Both as a principal and a financial services professional, Mr. Cervantes has facilitated a significant number of corporate finance transactions. Mr. Cervantes is also the co-founder and CEO of TRIG Capital Group, LLC, a New York-based private equity firm formed in 2011 and a Staffing 360 affiliate.

Matt Briand
Chief Executive Officer

Mr. Briand, is Chief Executive Officer of Staffing 360 Solutions, as well as President and Chief Executive Officer of its subsidiary, Monroe Staffing Services. Mr. Briand is responsible for setting the vision and strategic direction of the Company, directing the Executive Management Team and building Company culture. Mr. Briand has more than 17 years of staffing industry experience, gaining extensive knowledge through recruitment, sales, management and executive roles. Since being named CEO of Monroe Staffing in 2009, Mr. Briand has led Monroe’s organic growth from 35 employees, 8 offices and $34 million in revenues to become an $80 million company, employing 90 people, in 14 offices and 3 on-site programs throughout the Northeast and North Carolina. Under Mr. Briand’s direction, Monroe has received numerous honors, including being named Best of Staffing in 2010, 2012 and 2013. Mr. Briand was a recipient of the Fairfield County Business Journal 40 Under 40 in 2012. He also gives financial support and time to numerous non-profits and charities.

Jeff Mitchell
Chief Financial Officer

Mr. Mitchell, is Chief Financial Officer of Staffing 360 Solutions. He has over 25 years of accounting and M&A expertise in the staffing industry. Prior to joining Staffing 360 Solutions, Mr. Mitchell was CFO of two publicly traded companies, AWG International Water Corporation (OTC: AWGI) from 2012 to 2014, and Command Center, Inc. (OTC: CCNI) from 2010 to 2012. Mr. Mitchell served as the CFO of Select Staffing from 2005 to 2010, where he led over 40 acquisitions in the staffing industry as part of their M&A strategy, which contributed $1.3 billion in revenue. Mr. Mitchell had prior experience at Rio Tinto PLC & Kennecott Exploration Company, where he served as a Director of Financial Services (North America) and Controller (North & South America) from 1998 to 2003. In his earlier career, he gained extensive audit experience while servicing the clients of Price Waterhouse (now PricewaterhouseCoopers) in Salt Lake City. Mr. Mitchell holds a BS degree in Accounting from the University of Utah and passed the Certified Public Accountant exam.

Staffing 360 Solutions, Inc. (OTCQB: STAF)

Staffing 360 Solutions Increases Credit Facility Up to $15 Million With Wells Fargo Bank[Marketwired] - Staffing 360 Solutions, Inc. , a public company engaged in the provision of domestic and international staffing services in the finance and accounting, administrative, engineering, IT and cybersecurity ...Staffing 360 Solutions Completes $4 Million Convertible Bond Offering[Marketwired] - Staffing 360 Solutions, Inc. , a public company executing a global consolidation strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, ...STAFFING 360 SOLUTIONS, INC. Files SEC form 8-K, Unregistered Sale of Equity Securities, Amendments to Articles of In

STAFFING 360 SOLUTIONS, INC. Files SEC form 8-K/A, Financial Statements and Exhibits

Staffing 360 Solutions Launches Online Investor Video Series[Marketwired] - Staffing 360 Solutions, Inc. , a public company engaged in the provision of domestic and international staffing services in the finance and accounting, administrative, engineering, IT and cybersecurity ...Staffing 360 Solutions Releases Revised Quarterly Revenue Guidance[Marketwired] - Staffing 360 Solutions, Inc. , a public company engaged in the provision of domestic and international staffing services in the finance and accounting, administrative, engineering, IT and cybersecurity ...STAFFING 360 SOLUTIONS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements

Staffing 360 Solutions Announces Non-Deal Roadshow in Europe[Marketwired] - Staffing 360 Solutions, Inc. , a public company engaged in the provision of domestic and international staffing services in the finance and accounting, administrative, engineering, IT and cybersecurity ...Staffing 360 Solutions Executes on Roll-up Strategy in Fragmented Industry[Accesswire] - Whitefish, MT / June 3, 2014 / The U.S. staffing industry is expected to grow at a 4.6% compound annual growth rate between now and 2022, according to Staffing Industry Analysts. With a shift away from ...Staffing 360 Solutions Division Receives Recognition During an Interview on InformationWeek Radio[Marketwired] - Staffing 360 Solutions, Inc. , a public company engaged in the provision of domestic and international staffing services in the finance and accounting, administrative, engineering, IT and cybersecurity ...