NEW YORK - Staffing 360 Solutions, Inc. (NASDAQ:STAF), a company that follows a buy-integrate-build strategy through the acquisition of staffing organizations, announced today that it is shifting its operational focus exclusively to its U.S. staffing business. The company's U.S. operations include Monroe Staffing Services, Key Resources, Headway Workforce Solutions, and Lighthouse Professional Services. Concurrent with this strategic pivot, IPE Ventures has taken ownership of Staffing 360 Solutions' U.K.-based staffing operations.
The decision came after the Board of Directors conducted a strategic review of the company's business and current industry conditions. CEO and President Brendan Flood commented on the move, stating, "The United States Staffing and Recruitment Market is projected to grow by 12.7% from 2022 to 2030, and divesting our U.K. business will allow us to focus our resources on the world’s largest and most dynamic staffing market." He further added that this strategic shift is expected to provide the company with enhanced insight into one marketplace, enabling better marketing of their services and a quicker response to the needs of U.S. clients.
Staffing 360 Solutions has been engaged in acquiring both domestic and international staffing organizations in the U.S. The company targets the finance and accounting, administrative, engineering, IT, and light industrial staffing sectors as part of its consolidation model.
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