Bob Wolter, Business Intermediary
Having specialized in the staffing industry these last eight years, I have observed that the performance of the industry is one of the first indicators as to how the economy is trending. 2009 was a terrible year for most all businesses and we know the reasons why. Most staffing firms had revenues that dropped 30% -35% from 2008 levels. However, as 2010 wore on the staffing industry showed significant strength and promise and it continued into 2011 & 2012. This was a welcome relief and M&A activity became brisk as a result…those buyers that had a growth platform through acquisitions were very busy indeed and many transactions resulted.