Tampa Bay Business Journal (07/01/13) Jo-Lynn Brown
Cleveland-based human resource services provider Nesco Resource has acquired Grosse Point, MI-based ETS Staffing. The acquisition includes ETS branch locations in Tampa, FL; Rochester, NY; and Detroit. The ETS Staffing Tampa branch will continue regular operations and all employees will retain their jobs, according to a statement.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
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Participate in the ASA Sector Benchmarking Survey to benchmark your company’s performance against similar staffing firms. The survey covers sales and operational metrics for the health care; industrial; office–administrative; professional; search and placement; and technical, IT, and scientific sectors.
ASA member companies that complete the survey will receive a free full report on key findings, such as gross margins by sector, average placements per employee by company size, and more.
Interested in participating? Contact ASA at sections@americanstaffing.net to receive a customized link. To learn more and view sample survey questions, go to americanstaffing.net.
Staffing World 2013 will deliver an all-star lineup of speakers and industry-specific content, including the very latest information about how the Affordable Care Act affects the staffing industry.
No other industry event delivers the caliber of content, speakers, networking opportunities, and expo like Staffing World. Check out all the valuable sessions and networking opportunities, preview the industry’s largest expo, and secure your spot today at staffingworld.org.
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