Anchor Staffing, Inc.

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Anchor Staffing, Inc. - overview

Established

2005

Location

-, MD, US

Primary Industry

Outsourcing

About

Anchor Staffing, Inc. is a staffing service provider that connects businesses with qualified temporary and permanent employees across various industries, ensuring effective workforce solutions tailored to client needs. Founded in 2005 in Hanover, US, Anchor Staffing, Inc. specializes in staffing solutions.


In September 2019, the company was acquired by Lyneer Staffing Solutions, a portfolio company of Palm Beach Capital. The specific financial terms of the transaction were not disclosed. Anchor Staffing, Inc. offers staffing services that focus on connecting businesses with qualified employees.


Their core services include recruitment and placement of skilled professionals, tailored workforce solutions, and support through a network of local offices nationwide. They cater to diverse industries including logistics, manufacturing, and healthcare, serving markets throughout the Northeast, Southeast, and West Coast of the United States. The company aims to foster meaningful relationships between businesses and job seekers. Anchor Staffing, Inc.


generates revenue through B2B transaction models related to staffing services. They charge fees based on the placement of employees, which typically involve a markup on wages to cover value-added services such as candidate sourcing and training. Their revenue structure aligns with industry standards, influenced by factors like skill levels required and employment duration. Following its acquisition in September 2019, Anchor Staffing, Inc.


plans to leverage resources from Lyneer Staffing Solutions to enhance its service offerings. The company aims to expand its geographic reach, with specific plans to enter the Southern and Midwestern markets by 2025. Additionally, they are exploring new product offerings that cater specifically to the evolving needs of their clients, with expected launches in late 2023. Recent funding from the acquisition will support these initiatives, facilitating further growth and development.


Current Investors

Lyneer Staffing Solutions, LLC

Primary Industry

Outsourcing

Sub Industries

Facilities & Maintenance Services, Recruitment/Executive Search

Website

www.anchor-staffing.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Anchor Staffing, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAnchor Staffing, Inc.-

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