Staffing Industry Analysts (SIA) is forecasting that the US staffing industry will continue to recover along with the economy in 2021 and grow 12% to reach $141.5 billion. We believe that M&A activity will recover commensurately. We note that Q1 2021 activity increased 29% versus Q1 2020. 57 M&A transactions were announced or completed, vs. 41 in Q1 2020, representing an increase of 39%. In addition, transactions this quarter represented an increase of 27% over last quarter.