“Compass has supported our efforts to improve across all facets of our business. Our honest and up front relationship allowed us to successfully navigate the worst economic cycle in the history of our industry and to position ourselves for strong growth as we emerged out of this cycle. During this period, CGI also supported the company financially by investing significant additional equity to retire debt as the company's earnings softened.— Fred Kohnke, CEO, Staffmark
At this point, the Company's business is once again strong, and we have emerged as an even more clear market leader in the geographies in which we operate; in this regard, Compass has supported our efforts to build a sales staff and has encouraged timely expansion to take advantage of opportunities the management team sees here.
Finally, Compass has also helped our Board become strong and highly value added through the addition of key outside board members. ”
Since that initial acquisition, Staffmark has acquired and consolidated a number of other complimentary businesses, and is now one of the top ten commercial staffing companies in the United States. In May of 2006, CGI sold its interest in Staffmark to Compass Diversified Holdings. The company, based in Cincinnati, Ohio, provides staffing solutions across a comprehensive range of disciplines through its national network of over 300 offices. Staffmark’s customized approach and market-specific knowledge are competitive advantages in a dynamic labor and economic environment. The company’s 1,200 permanent employees serve more than 6,500 customers and 38,000 temporary employees every week.
Compass Diversified Holdings sold its interest in Staffmark in October 2011.
To learn more about Staffmark please visit http://www.staffmark.com.