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Press Room
CBS Personnel Holdings, Inc. Acquires PMC Staffing Solutions (dba Strategic Edge Solutions)
11/27/2006
CINCINNATI, OH – Compass Diversified Trust (NASDAQ NMS: CODI) and Compass Group Diversified Holdings, LLC (collectively, "Compass") announced today that their subsidiary, Cincinnati-based CBS Personnel Holdings, Inc. ("CBS"), acquired select assets of PMC Staffing Solutions, Inc.
PMC Staffing Solutions, Inc. (dba Strategic Edge Solutions), headquartered in Owings Mills, Maryland, is a 30-year-old, privately owned provider of temporary staffing services. Operating as Strategic Edge Solutions, it specializes in providing light industrial temporary staffing solutions through 17 branch locations and numerous on-site customer locations in Baltimore, Maryland and Chicago, Illinois. PMC Staffing Solutions revenues are currently at a run rate in excess of $34 million.
"We are very pleased to announce this important acquisition," commented CBS President and CEO, Frederick L. Kohnke. "This transaction, which we believe will be attractive to our customers and employees alike, greatly expands CBS' current footprint in Chicago, and establishes the company in a top 50 market not presently served," Kohnke continued.
Upon being acquired by CBS Personnel Holdings, Inc., the Strategic Edge Solutions offices have taken the name Venturi Staffing Partners. It has been a very successful transition, resulting in more opportunities for all parties involved.
About CBS Personnel Holdings, Inc. CBS Personnel Holdings, Inc., operating primarily as CBS Personnel and Venturi Staffing Partners, is a provider of temporary staffing services throughout the United States. Headquartered in Cincinnati, Ohio, CBS Personnel and Venturi Staffing Partners are collectively one of the largest staffing companies in the nation and operate more than 145 branch locations in 18 states. |
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