General Employment Enterprises Inc. of Naperville recently purchased information technology and professional staffing company Paladin Consulting Inc. of Dallas.
General Employment specializes in specialty staffing services and solutions. The acquisition is expected to generate revenue of $16 million to $18 million for General Employment in 2016. It will allow General Employment to expand existing operations in Dallas and Houston.
"I am thrilled to be joining a company with explosive growth potential like General Employment," Paladin Consulting Chairman Enoch Timothy said. "(General Employment Enterprises) CEO Derek Dewan has a winning business model and a proven track record of success. Our team looks forward to working with an established staffing and human resource solutions visionary like Derek and repeating the success he achieved building global staffing giant MPS Group and its specialty staffing divisions including Modis."
Dewan was also enthusiastic about the acquisition.
"Paladin, led by Chairman Enoch Timothy, exemplifies the ideal professional staffing company providing a vast array of human capital solutions in a number of areas that are in high demand," Dewan said. "This acquisition allows the company to increase its service capability nationwide. In addition, we are fortunate that Enoch Timothy brings a dedicated recruiting and sales team to our company to help grow our combined organization. The acquisition fits within our strategic growth strategy, which includes expansion of our IT staff augmentation and solutions presence into key markets where there is significant spending for IT staffing services and increasing our professional services capabilities in accounting and engineering. We are growing our company's geographic footprint to better serve our national clients in more key markets with a broader and deeper breadth of IT and other professional services offerings. We welcome the entire Paladin team to the General Employment family and are pleased that they will assist the company in accomplishing its goals while advancing their careers."