February 22, 2013

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Article

SOS Staffing to Combine with Elwood Staffing

Press Release

February 22, 2013

Elwood Staffing and SOS Employment Group have announced the joining together of their companies

With combined annual revenue of more than $750,000,000, the company is expected to rank in the top 10 of all U.S. commercial staffing companies, the top 20 of all U.S. staffing companies, and just outside the top 50 of all global staffing companies.

Elwood Staffing, headquartered in Columbus, Indiana, and SOS Employment Group, headquartered in Salt Lake City, Utah, closed a transaction allowing Elwood Staffing to purchase SOS Staffing Services. SOS will be a wholly-owned subsidiary of Elwood Staffing, but operate as a sister company. Elwood Staffing CEO, Mark Elwood, will lead the combined entity.

“This transaction combines the service capabilities, technologies, geographic reach and best practices of two successful companies,” Ellwood said. “We are excited about what we know we can accomplish together. Infusing newly created corporate muscle and sophistication into our well-established cultures of entrepreneurship and innovation will make for a unique and very competitive staffing company business model. Our customers, temporary associates and staff members will all benefit.”

With the completion of the transaction, the combined company’s internal staff will total nearly 1,000 employees and serve more than 6,000 clients. Additionally, the company will employ 27,000 temporary associates daily. The geographic presence will expand to more than 170 offices, plus more than 50 vendor-on-premise locations operating in 33 states and Canada. Existing sales and service staff are expected to remain intact.
 

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