MDT Labor LLC, which does business as MDT Technical, has entered into an asset purchase agreement including an assignment and assumption agreement with Beacon Enterprise Solutions Group Inc. Under the terms of the agreement, MDT Technical has assumed all right, title, and interest to the staffing contracts and service agreements of Beacon Solutions Group, effectively granting MDT Technical the right to operate Beacon Solutions Group’s business. MDT Technical and its affiliates comprise a $300 million staffing firm, including information technology staff augmentation and infrastructure services. MDT Technical intends to retain Beacon’s current employees and operate under the leadership of Michael Boyle, the senior vice president of MDT Technical.
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.