Boston IT Staffing Firm Available
Asking Price $5,495,000

SUMMARY DESCRIPTION
Massachusetts in general and Boston in particular are in the top 10% nationally in recovering from the recession. Like the area, this 12 year old Boston IT Staffing company is having an excellent recovery year with Sales & Revenue for 2010 back to pre-recession levels. In addition, the forecast for 2011 projects growth of 20%. The Company has a client list which reads like a who's who of Boston businesses in health care, financial services & insurance as well as state and local governmental agencies. On the recruitment side the Company has a proprietary database of 30,000 IT professionals from past placements or attempts. Client retention is very high due to a very competent and dedicated group of managers which handles nearly all day to day relationships and operations.

COMPETITION
The Boston area is very "tech savvy" so the market is competitive but also growing. The Company has strong market share and is among the top 25 largest staffing companies in the Boston area. Nationally only 5% of Staffing firms handle IT so this generally gives the Company a special niche and makes it more desirable in this tech-conscious area. The Company maintains its edge and market position with long term relationships, excellent customer service and preferred vendor contracts with the Commonwealth of Massachusetts. The Company has also been recognized by the Boston Business Journal as one of the areas "Best Places to Work".

ACQUISITION FACTORS
Historically, Temporary Staffing leads the economy out of recessions and that is happening here so the time is right to acquire. This is a great opportunity for a strategic acquirer who wants to establish an IT presence in the growing Boston Market and/or expand/consolidate an existing position. Could also be suitable for individual[s] looking for a well established niche business with strong cash flow.

The Owners wish to move on to retirement and other pursuits but are committed to do whatever it takes with the new owner to ensure a smooth transition.

FOR MORE INFORMATION
If you would like to learn more about this exciting offering, feel free to call or e-mail the Principals at Ridge Hill Partners.

Click here to e-mail Walter Huskins or call him at (617) 965-6177.


We have several highly interesting opportunities for acquisition. If you would like to view our other listings, please click here