Blue Bell, PA, January 12, 2016 – On Friday, October 30, McGrath Systems, a talent solutions firm based in Blue Bell, PA, had successfully completed its acquisition with a Pennsylvania-based staffing and recruiting firm doing approximately USD 3.5m in revenue.
The acquisition focused on the firm’s contract-staffing division and will complement McGrath Systems’ current service offerings. The acquisition is aligned with McGrath’s strategy to expand the company’s core verticals along with doubling its size within the next two years. McGrath’s President and CEO, Mike Wiley, stated the acquisition is another step toward McGrath’s goal for 2017.
“Our plan for the acquisition is to increase the revenue by USD 1m from [this] book and further increase the current margin by 3 to 5 percent,” said Wiley. He added, “Our ability to leverage economies of scale should help drive these increases.”
While most of McGrath’s business efforts are focused in the engineering and commercial sectors, along with industries with high volume-based projects, Wiley sets to accommodate its other core divisions: accounting and finance, administrative services, light industrial and manufacturing. The acquisition will help add a number of Fortune 500 customers with a multitude of varying needs across all disciplines on a national level.
Wiley stated that McGrath will continue to look at acquisition opportunities throughout the next two years to expand its geographic imprint in a few key markets; Harrisburg, PA; Hagerstown, MD; Austin and Dallas, TX; and Phoenix, AZ.
About McGrath Systems
McGrath Systems is a leading blended workforce solutions company headquartered outside of Philadelphia, PA, committed to matching qualified professionals with top companies nationwide. Founded in 2005 and built on a deep understanding of client needs, McGrath Systems offers a multitude of blended talent solutions to better service our customers and provide the best experience possible. Such services include: Contract, temporary, direct source hiring, RPO, project recruiting, on-premise recruiting, as well as retained and contingent search. Areas of focus include professional Light Industrial, Engineering, Information Technology, Skilled Trades, and Administrative services. Learn more at www.mcgrathsystems.com