Business
HireQuest, Inc. Announces Closing of The Dubin Group and Dubin Workforce Solutions Acquisition
GOOSE CREEK, SC / ACCESSWIRE / February 22, 2022 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of on-demand, temporary, and commercial staffing
About this update from Hirequest, Inc.
[{"type":"text","content":"GOOSE CREEK, SC / ACCESSWIRE / February 22, 2022 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has completed the previously disclosed acquisition of The Dubin Group and Dubin Workforce Solutions, related founder-owned businesses in Philadelphia, Pennsylvania that provide executive placement services and commercial staffing, respectively. Simultaneously with the closing of the acquisition, HireQuest, Inc. closed on the sale of Dubin Workforce Solutions to a new franchisee and completed the conversion of the business to its HireQuest Direct model. The Dubin Group was converted to HireQuest's Snelling franchise model and will be sold to a franchisee in the future.About HireQuest HireQuest, Inc. is a nationwide franchisor that provides on-demand labor and commercial staffing solutions in the light industrial, blue-collar, and commercial segments of the staffing industry for HireQuest Direct, HireQuest, Snelling, and LINK franchised offices across the United States. Through its national network of over 210 franchisee-owned offices in more than 35 states and the District of Columbia, HireQuest provides employment for approximately 60,000 individuals annually that work for thousands of customers in numerous industries including construction, light industrial, manufacturing, hospitality, clerical, medical, travel, and event services. For more information, visit www.hirequest.com.Important Cautions Regarding Forward-Looking StatementsThis news release includes, and the company's officers and other representatives may sometimes make or provide certain estimates and other forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act, including, among others, statements with respect to future economic conditions; future revenue or sales and the growth thereof; operating results; anticipated benefits of the acquisition of the Dubin entities, the transition of such entities' operations to franchised offices, effects of expanded scale, or the status of integration of the Dubin entities with HireQuest's operations. Forward-looking statements can be identified by words such as: \"anticipate,\" \"intend,\" \"plan...