M&A - HireQuest, Inc.
Form Type: 10-K
Filing Date: 2025-03-27
Corporate Action: Acquisition
Type: Update
Accession Number: 000143774925009646
Filing Summary: HireQuest, Inc. underwent significant business developments throughout 2024, highlighted by multiple acquisitions aimed at expanding its temporary staffing and permanent placement services. Notable acquisitions included the purchase of 'certain assets of TEC Staffing Services' on December 4, 2023, for approximately $9.8 million and the acquisition of 'one location of Ready Temporary Services' on December 30, 2024, for $1.4 million. These acquisitions are indicative of a strategic approach to growth, enhancing the company's presence in various markets. Furthermore, the document outlines the overall business framework, operational strategies, and risk factors that could impact future financial performance, emphasizing the company's adaptability within the staffing industry.
Document Link: View Document
Additional details:
Business Description: HireQuest, Inc. is a nationwide franchisor of temporary staffing offices providing direct-dispatch and commercial staffing solutions, as well as professional recruitment services.
Office Location: 111 Springhall Drive, Goose Creek, SC 29445
Telephone Number: (843) 723-7400
Common Stock Symbol: HQI
Market Value In Second Quarter: $66.1 million
Shares Outstanding As Of March 26 2025: approximately 14.0 million
2022 Acquisitions: [{"name":"Temporary Alternatives","date":"January 24, 2022","value":"approximately $7.0 million"},{"name":"The Dubin Group","date":"February 21, 2022","value":"approximately $2.5 million"},{"name":"Northbound Executive Search","date":"February 28, 2022","value":"approximately $11.4 million"},{"name":"MRINetwork","date":"December 12, 2022","value":"approximately $13.3 million"}]
2023 Acquisitions: [{"name":"TEC Staffing Services","date":"December 4, 2023","value":"approximately $9.8 million"}]
2024 Acquisitions: [{"name":"Ready Temporary Services","date":"December 30, 2024","value":"$1.4 million"}]
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