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Staffing M&A Ramps
Industry analyst De Bellas & Co. reports 39 staffing company deals in the third quarter of this year, an 18% increase in deal headcount versus the second quarter. Year-to-date deals now total 117, a 38% increase over the tally for same period last year.
While healthcare staffing led the way with 11 transactions in the third quarter, all staffing sectors saw increases.
The top five public staffing buyers -- who accounted for seven deals during the period -- were: MPS Group (NYSE: MPS), Credentia Corp. (OTC BB: CRDE.OB), Resources Connection (Nasdaq NM: RECN); and two Benelux players: Vedior NV(Amsterdam: VDOR.AS); and Randstad Holding NV (Amsterdam: RAND.AS).
Well-capitalized private acquirers also continued to be active, accounting for 64% of the staffing industry transactions announced in the third quarter of 2004.
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