SANTA BARBARA, CA – October 3, 2007 - SelectRemedySM, a top 10 national staffing industry leader and part of The Select Family of Staffing Companies, announced the successful acquisition of Tandem Staffing Solutions, effective Monday, October 1, 2007. The combined entity will have annual sales of nearly $1.5 billion, and serve more than 10,000 customers in 35 states from over 300 offices.
Founded in 1974, Tandem Staffing Solutions specializes in temporary staffing and direct placement for light industrial, logistics, and manufacturing positions. Based in Boca Raton, Florida, the firm operates 44 branches and 40 on-site locations in 10 states, including flagship branches in Atlanta, Georgia, and Chicago, Illinois. Tandem’s new brand name will be SelectRemedySM. Tandem offices in Chicago will operate under the SelectRemedy™ brand.
“We’re always looking for exceptional business opportunities in the way of acquisition,” said Steve Sorensen, Chairman and CEO of The Select Family of Staffing Companies. “Tandem’s base of quality clients, competitive strength in key markets, and talented management and sales teams make this an excellent strategic and geographic fit. By combining our territories, we bolster our ability to provide our customers with national solutions and improve our market share in a number of America’s strongest markets.”
“Over 30 years of experience, quality service, and on-site management expertise helped establish Tandem as a premier staffing provider,” said Charles J. Abadie, President and CEO of Tandem Staffing Solutions. “By combining our strengths, Select is uniquely positioned to achieve their aggressive goals for continued growth. It is a marriage of two companies that perfectly complement each other.”
Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to The Select Family of Staffing Companies, and Navigant Capital Advisors, LLC is acting as its financial advisor. Schulte Roth & Zabel LLP is acting as legal counsel to Tandem Staffing Solutions in connection with the transaction, while SunTrust Robinson Humphrey is acting as its financial advisor.
Founded in Santa Barbara, California in 1985, The Select Family of Staffing Companies is one of the nation’s fastest-growing, full-service staffing companies. The company operates as SelectRemedySM, SelectRemedy™, Remedy® Intelligent Staffing, RemX® Financial Staffing, RemX® IT Staffing, RemX® OfficeStaff, and other national brands. SelectRemedySM offers premier workforce management services, including recruiting and screening professional job candidates, payroll and time attendance management, on-site supervision, proactive safety programs, and specialty staffing solutions, to a wide variety of client companies, including manufacturing, industrial, clerical, administrative, accounting, finance, information technology, and professional services.
For more information on The Select Family of Staffing Companies, please visit the company’s website at www.selectstaffing.com.