VR Business Brokers of St. Louis was confidentially engaged to represent the Owner of niche IT staffing agency as part of an exit plan to transition out of ownership and into retirement. The Buyer was a Canadian company with U.S. based holdings seeking to expand its market share in the staffing industry and specifically targeting IT and technology-based staffing companies as part of an aggressive growth strategy. Both the Owner and the Buyer were a perfect match from the beginning and VR’s lead broker had compiled and prepared a thorough presentation packet which greatly facilitated the due diligence process. The Parties were able to close within 30 days of acceptance of a Letter of Intent.
IT Staffing Agency