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Announced

Completed

Hastings Equity Partners-backed TERRA Staffing Group completed the acquisition of ASG Staffing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Employee hiring

Outsourced HR and Staffing

Completed

Single Bidder

Private Equity

Acquisition

Friendly

Private

Majority

Domestic

Synopsis

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Hastings Equity Partners-backed TERRA Staffing Group, a recruting agency, completed the acquisition of ASG Staffing, a company providing temporary workers. Financial terms were not disclosed. "I could not be more excited to begin this partnership with the TERRA and Hastings teams. My team and I believe in the growth of our organization, and we have found that TERRA and Hastings share the same enthusiasm for the staffing industry. I am confident in our ability to continue exceeding customers’ expectations by continuing to grow into new markets in the coming years,” Chuck Porcelli, ASG Founder.

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