Corporate Resource Services, Inc. completed the acquisition of Flex Recruitment Plus Limited.
November 11, 2013 at 11:00 pm EST
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Corporate Resource Services, Inc. (NasdaqCM:CRRS) signed a letter of intent to acquire Flex Recruitment Plus Limited on September 10, 2013. Corporate Resource acquired Flex to act as platform company in Europe and will be utilizing the existing management team at FlexPlus to build european business both organically and through acquisitions. Flex Recruitment Plus Limited had revenues of £15.2 million in year 2012. The directors, founders and shareholders of FlexPlus will be retained. The transaction si expected to close in the fourth quarter of 2013. The acquisition will be immediately accretive to earnings.
Carl Swansbury and Abu Ali of Ryecroft Glenton Corporate Finance acted as financial advisor for Corporate Resource Services, Inc. and the shareholders of Flex Recruitment Plus Limited. James Bryce, Jemil Visram and Lucy Bailey of Square One Law acted as legal advisor for Flex Recruitment Plus Limited. Carter Ledyard & Milburn acted as legal advisor to Corporate Resource Services.
Corporate Resource Services, Inc. (NasdaqCM:CRRS) completed the acquisition of Flex Recruitment Plus Limited on November 12, 2013.
Corporate Resource Services Inc is a United States-based company. The Company provides cloud-based enterprise applications and hosting services to professional employer organizations (PEOs) and staffing companies, as well as diversified staffing, recruiting and consulting services. It offers recruitment services in the areas of insurance, information technology, accounting, legal, engineering, science, healthcare, life sciences, creative services, hospitality, retail, general business and light industrial work.
CORPORATE RESOURCE SERVICES, INC. 
