Arkansas’ largest staffing agency, TEC Staffing Services, has been acquired by HireQuest Staffing Solutions, Inc. of South Carolina (NASDAQ: HQI). CBI Advisory Partners represented TEC in the transaction, according to Jon Holbert, President of CBI Advisory Partners.
TEC Staffing Services’ 10 locations have provided quality staffing services to Northwest Arkansas, Central Arkansas and Eastern Oklahoma for over 40 years while establishing itself as the leader in staffing services for the region.
Hirequest, a publicly traded company, has been operating in the staffing space for more than 30 years, and now has over 230 locations in 37 States and Washington, D.C. Hirequest provides employment to over 80,000 job seekers annually and this acquisition marks a significant addition to their presence in Arkansas and the Southeast. Hirequest leadership is very excited about this acquisition and will operate in all 10 locations according to its Snelling Personnel franchise model.
CBI Advisory Partners President, Jon Holbert and Executive Vice President, Charles Rateliff, facilitated this transaction.
CBI Advisory Partners is a Lower Mid-Market Mergers and Acquisition firm and is part of The CBI Team family of companies founded in 1994. CBI is the region’s largest business brokerage and LMMM&A firm serving Arkansas, Oklahoma and Tennessee from 4 office locations, Northwest Arkansas (Springdale), Central Arkansas (Little Rock) Tulsa, Oklahoma and Memphis Tennessee.
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CBI Advisory Partners