De Bellas & Co., the #1 Staffing Industry M&A investment banking firm for 25 years, reported today that 13 Staffing related M&A transactions were announced in Q3 2009 compared with thirteen announced in Q2 2009 and 25 in Q3 2008. Commercial and Information Technology made up the substantial majority of the activity in Q3, accounting for 50% of the overall activity.
For the first three quarters of 2009, there have been 42 transactions, compared with 78 in the first three quarters of 2008. Commercial staffing made up 15 of the 42 transactions.
Akash Taneja, Associate at De Bellas & Co., remarked that “Buyers are quite active and are seeking to complete transactions before a staffing industry improvement becomes apparent”. He added that, “although the number of announced deals decreased during the third quarter, we continue to see improvement in buyer interest, across the board. As the economic recovery continues, we expect that the corresponding improved operating results will motivate more staffing company owners to consider selling.”
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Wed, August 2, 2017