Jacksonville Business Journal (Florida) (07/07/2015)
Alluvion Staffing Inc. has acquired Reichard Staffing Solutions and RDW Professional Staffing. All three firms are based in Jacksonville, FL. The deal closed June 30.
Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
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.
Palladium Equity Partners Acquires TransForce Inc.
PR Newswire (07/06/15)
Private investment firm Palladium Equity Partners LLC has announced that an affiliated fund has acquired Alexandria, VA-based TransForce Inc., a specialized staffing and recruiting company that provides qualified commercial truck drivers to third-party logistics companies, private fleets, and trucking companies. Terms of the investment were not disclosed.
PDS Tech Inc. Acquires Legacy Engineering LLC
PR Newswire (07/02/15)
Technical staffing provider PDS Tech Inc. has purchased Legacy Engineering LLC, effective July 1. PDS will operate Legacy as a standalone division focused on the delivery of high end engineering consultants to the aerospace industry. Terms were not disclosed.
ISM Nonmanufacturing Index Rises to 56.0 in June, Near Expectations
Wall Street Journal (07/06/15) Kathleen Madigan
Respondents to the latest Institute for Supply Management nonmanufacturing survey were generally positive about the economy. The ISM’s nonmanufacturing purchasing managers index rose to 56.0 in June from 55.7 in May. Forecasters polled by the Wall Street Journal had forecast that the June PMI would increase to 56.3. Readings above 50 point to expansion.
The ISM employment index contracted to 52.7 from 55.3, but “hiring typically slows in the summer” for many nonmanufacturing companies, says Anthony Nieves, who oversees the survey for the ISM.
Tomorrow’s Free ASA Webinar Nearly at Capacity—Supreme Court Upholds Affordable Care Act Subsidies
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Tomorrow’s ASA Webinar Nearly at Capacity—Supreme Court Upholds Affordable Care Act Subsidies
Don’t miss tomorrow’s ASA webinar “The King v. Burwell Decision and Its Effect on the Affordable Care Act,” 3–4 p.m. Eastern time.
ASA experts will discuss the U.S. Supreme Court’s recent ruling on King v. Burwell, upholding Affordable Care Act subsidies under both federally run and state-run exchanges, and explain how this decision affects staffing firms. Space is limited, so register today.
Presenters will discuss
- How to deal with notices from health care exchanges that employees have been granted tax subsidies
- Employers’ ability to appeal those determinations
- How the court’s ruling affects the chances Congress will repeal or significantly change the ACA—including redefining full-time employees as those who work 40 hours a week
- Staffing firm compliance issues going forward, including key changes in the “play or pay” rules for 2015 and 2016
ASA webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA webinars for FREE.
ASA Quarterly Staffing Employment and Sales Survey Now Open
The association’s quarterly Staffing Employment and Sales Survey for the second quarter of 2015 is now open. Staffing firms that complete the brief survey will receive an exclusive report on the results—now enhanced with graphs and an executive summary. The report also includes representations of sector-level data.
The data collected by this survey enable ASA to track staffing sales and gross margin trends. Participate in the Staffing Employment and Sales Survey by Aug. 19 to get the staffing industry information you’re looking for.
Register to take the survey, or view the questionnaire, at americanstaffing.net. The survey is sponsored by ASA research partner CareerBuilder, and there are no fees to participate.
Temporary Furniture Plant Workers Repeatedly Exposed to Safety and Health Hazards in Northern New Jersey
This content is for ASA members only.
If you’re already a member, please sign in to read more.
New Connecticut Law Bars ‘Pay Secrecy’
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Job Market’s New Normal: Smaller Workforce, Sluggish Pay
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Construction Unemployment Falls to Lowest June Level Since 2001
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Home