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   Strategies & Market TrendsSpeculating in Takeover Targets

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To: richardred who wrote (4641)11/24/2017 6:18:27 PM
From: richardred
   of 6147
Woolston Group targets £50m in revenue after making its first acquisition

Published: 05:40 Wednesday 01 November 2017

Yorkshire-based Ward Woolston Group has acquired LDH Plant Limited as it aims to build one of the UK’s largest capital equipment dealers in the construction, demolition and waste management sectors. The group, based in Northallerton and the owner of Londonderry Garage Specialist Equipment (LGSE), is now targeting a revenue of more than £50m in the next five years. Established just two years ago, Ward Woolston Group is currently the largest supplier of Hiab truck mounted cranes and multilift demountable equipment in the UK. The company employs 60 people engaged in the sale of new and used machinery, parts and repair services to customers in the public and private sector, Led by managing director Scott Woolston, who co-owns the group with chairman Michael Ward, the business has grown substantially, with revenue increasing from £6 million in 2015 to £10 million in 2017. LDH Plant Limited is a construction equipment supplier based in Newport, Wales with more than 20 years trading experience. Robert Vaughan, the former managing director of LDH Plant, will remain with the business as sales director and Nicholas Higgins will retain the role of operations director. Ear Cancer in Cats Promoted by petmd [Opt out of Adyoulike ad targeting] Mr Woolston said: “LDH Plant is a well-established company, founded on like-minded principles and a strong culture of client care, which will complement and strengthen our services across the UK and create a business with combined revenue of £16 million.” Legal adviser to the Ward Woolston Group was a team from Squire Patton Boggs, led by Corporate partner Paul Mann and associate Maxine Burton.

Read more at:

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To: richardred who wrote (4475)11/24/2017 6:27:11 PM
From: richardred
   of 6147

Chinese Firm Buys CN Tower Builder Aecon for $930 Million By
Scott Deveau

October 26, 2017, 8:12 AM EDT Updated on October 26, 2017, 4:22 PM EDT

Shares rise nearly 19 percent in early trading Thursday

Transaction expected to close by end of first quarter 2018

A general view of the Toronto skyline in Canada, including the CN Tower.

Photographer: Danny Lawson - PA Images/PA Images via Getty Images Aecon Group Inc. agreed to be acquired by a unit of China Communications Construction Co. for C$1.19 billion ($930 million) in cash, giving the Canadian company more heft to bid on global infrastructure projects.

Aecon, which helped build Toronto’s landmark CN Tower, said in a statement CCCC International Holding Ltd. would pay C$20.37 a share, or 23 percent higher than Aecon’s closing price Wednesday. The stock closed up 19 percent at C$19.73 in Toronto.

“This is a very positive outcome for Aecon and our key stakeholders," Aecon Chairman Brian Tobin said in the statement. The company will continue to be based in Canada.

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To: richardred who wrote (4551)11/24/2017 6:45:35 PM
From: richardred
   of 6147
RE-MITK speculation

Ingram Micro Looks To POS Merchant Services, Security With Acquisition Of The Phoenix Group

by Joseph F. Kovar on November 8, 2017, 10:02 am EST

Printer-friendly version Email this CRN article

Distributor Ingram Micro Tuesday unveiled the acquisition of The Phoenix Group, a specialty distributor of point-of-sales technology with a focus on the integration of security into point-of-sales devices and infrastructure.

The acquisition follows a similar move by Greenville, S.C.-based distributor ScanSource, which in June acquired POS Portal, a specialist distributor of point-of-sale services for SMB merchants.

The Phoenix Group, with headquarters in St. Louis and Toronto, Ontario, brings with it a number of important technologies and new channel relationships, said Jeff Yelton, vice president and general manager of specialty technologies for Irvine, Calif.-based Ingram Micro.

[Related: ScanSource To Buy SMB Payment Devices Distributor POS Portal For Up To $158M]

The primary technology is key injection, which adds encryption to data at the point of sales when a consumer uses a credit or debit card, Yelton told CRN.

Key injection is an important security component of merchant services, which enable businesses to accept encrypted payments from credit or debit card users, he said.

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"Credit card companies created rules and regulations around the PCI, or payment card industry, data security standard," he said. "Point of sales is becoming complex, with a lot of security. The Phoenix Group is one of the best with key injection."

Scott Rutledge, CEO and founder of The Phoenix Group, told CRN that his company has over 500 keys, making it one of the largest key generators in the country and a supplier of keys to banks and ISO, or independent sales organizations. ISOs in the point-of-sales market are the equivalent of solution providers in the IT market, Rutledge said.

The Phoenix Group supports banks and ISOs with their merchant boarding by loading and deploying the key injection technology in point-of-sales systems before shipping, Rutledge said. The company is the leading distributor for POS systems from San Jose, Calif.-based Verifone; Jacksonville, Fla.-based Pax Technology; Paris, France-based Ingenico Group; and others, he said.

The Phoenix Group also brings mobile payments technology to a market where mobile devices are increasingly integrated with POS terminals and cash registers, Rutledge said. "We've seen the need to integrate different devices with P2PE [point-to-point encryption]," he said. "This has become a fragmented market."

The acquisition brings Ingram Micro a new set of channel partners, including banks and ISOs, Yelton said. "It lets us take our cloud offerings and other services to the ISOs," he said. "And it lets us bring secure payment technology to other Ingram Micro partners."

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From: richardred11/24/2017 7:02:31 PM
   of 6147
Review of the Year: Pharma M&A

shows its staying power
Published in PharmaTimes magazine - December 2017

Tom Cowap
With macro drivers boosting the sector and a range of attractive themes driving interest, M&A in the industry remains buoyant Conditions have been ripe for M&A in the pharmaceutical sector in 2017. Low interest rates have provided cheap capital for both financial and trade buyers, while acting as a disincentive to keep large cash balances on reserve; the devaluation of the pound has heightened the attractions of the UK for international investors; and economic uncertainty has boosted the defensive pharma sector’s appeal.

At a global level, we’ve seen further blockbuster deals this year, led in the contract research organisation (CRO) space. UK private equity firm Pamplona paid $5 billion for Parexel; US CRO Covance acquired UK’s Chiltern for $1.2 billion; PE houses GTCR and Carlyle combined to take US CRO Albany Molecular Research private for more than $900 million; and Inc Research and Inventiv merged in a deal worth $4.6 billion.

In the UK though, M&A has once again been led by mid-market entrepreneurial businesses. Not only has international appetite for UK businesses continued and private equity (PE) increased investment, but we are also starting to see mid-market British businesses expanding abroad via acquisition.

One common theme has been interest in businesses that specialise in niche, value-added services, putting them in a strong position to benefit from big pharma’s search for new value drivers and the rise of infrastructure-light biotechs. This is a particular focus for PE, with deals such as Graphite Capital’s and Phoenix Private Equity’s investments in Random 42 and Sygnature Discovery respectively.

Random 42 and Sygnature may deliver different solutions but both provide value-added services to the pharmaceutical industry in non-traditional niches where there is little competition. Random 42 creates interactive experiences for the pharmaceutical and biotech industry through animation and virtual reality technologies, while Sygnature provides outsourced preclinical drug development and research services. This service-led delivery model, which relies less on ownership of a single drug or product, is highly attractive to PE investors.

The same principle, niche specialism, is also driving trade deals. For example, Clinigen acquired Quantum Pharma, who specialise in providing access to hard-to-get drugs, supplying hospitals with medicines that are not licensed in one market but are available elsewhere.

Meanwhile, the trends that are driving big pharma to outsource are creating opportunities for mid-market businesses too. Take Quotient Clinical, which provides an innovative CRO model it describes as “translational pharmaceutics”. The firm’s differentiated outsourced drug development model has secured it sufficient growth that it is now expanding overseas via acquisitions, including in the US this year of QS Pharma for £60 million and Seaview Research.

The themes that make mid-market specialists so attractive have also driven big pharma to diversify away from its core model to look for improved returns, including into more brand-led offerings. The leading Spanish generics manufacturer Laborotorios Cinfa for example, acquired UK-headquartered Natural Sante, a food supplements business.

The pharma sector continues to undergo structural change, creating opportunities for fast-moving, agile businesses. That will drive further M&A activity and investment.

Tom Cowap is principal, specialist in the pharmaceutical sector at Catalyst Corporate Finance. Look out for Catalysts’ Pharma Fast 50 in our March issue, which will look at companies likely to be sources of future M&A activity

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To: Cautious_Optimist who wrote (4331)11/24/2017 7:12:38 PM
From: richardred
   of 6147
Money will start flowing out of China again, but it'll be much more targeted
  • Experts told CNBC that outbound mergers and acquisition deals from China are expected to pick up in 2018 — despite Beijing's crackdown this year
  • Sectors that will benefit are those that are tied to China's Belt and Road Initiative, and are included in the encouraged section of the new investment guidelines
  • Outbound deals fell in the first nine months of 2017 compared to a year earlier

Saheli Roy Choudhury | @sahelirc
Published 11:35 PM ET Sun, 12 Nov 2017 Outbound investments from Chinese companies are expected to pick up next year, but that's not necessarily good news for every sector hungry for China's cash.

That is, experts said most of the deal-making will likely happen in sectors aligned with the Belt and Road Initiative — China's massive plan to connect Asia, Europe, the Middle East and Africa with a vast logistics and transport network.

The experts said there were encouraging signals from the 19th Communist Party Congress that concluded last month.

Developments from the event, "clearly indicated that the Chinese government will continue to encourage overseas expansion," Harsha Basnayake, Asia Pacific managing partner for transaction advisory services at EY, told CNBC. He added that Chinese outbound deals will "be a significant play" in global mergers and acquisitions trends.

Others agreed: "We expect 2018 to be a strong year for China outbound M&A [mergers and acquisitions] as all of the ingredients appear to be in place," Colin Banfield, Citi's Asia Pacific mergers and acquisitions head, told CNBC in late October.

Those ingredients, Banfield said, included the completion of the Party Congress, the "sound macro fundamentals" of the economy, China's push to take a more central role in global affairs, financially well-resourced private sector and state-owned companies and a set of newly implemented rules and guidelines for vetting outbound deals.

What Beijing wants
In early November, Beijing issued a new set of draft guidelines aimed to make outbound M&A easier. As part of those new rules, China is streamlining a process for domestic companies investing over $300 million overseas to gain the required approval from authorities, Reuters reported.

Yet at the same time, Beijing will also increase oversight on the investment practices of overseas subsidiaries of Chinese companies. Previously, businesses could set up foreign companies and use funds through them to do deals, thereby skipping many of China's capital outflow restrictions.

Beijing's recent draft followed guidelines it issued in August dictating what kind of overseas investments would be banned, restricted or encouraged. The move formalized Beijing's attempts beginning last November to control what it called "irrational" foreign investments.

But the Chinese government is doing more than just limiting some kinds of deals, it's also explicitly encouraging other kinds: Experts agreed that the government's strong support for the Belt and Road Initiative, which was written into the Communist Party constitution last month, will mean some redirection to related activities in outbound M&A.

The Belt and Road Initiative involves 65 countries, which together account for one-third of global GDP and 60 percent of the world's population, according to Oxford Economics. As such, experts say certain sectors, and countries, are expected to benefit from the expansion efforts of Chinese companies.

Lian Lian, JPMorgan's managing director and co-head of North Asia M&A, told CNBC investments that can "create need for China's industrial capacity [and] manufacturing capabilities" will likely benefit. Those sectors include infrastructure, natural resources, agriculture, trade, culture and logistics. "These are clearly what they outlined as favored industries," she said, referring to the August guidelines.

Overseas deals in those areas are likely to get faster approvals from the government.

Lian added that a few other sectors will also receive government support, even if they were not mentioned in the August guidelines. Those sectors include food safety, health care and investments that can create more employment in China. "These, although they were not specifically listed in the encouraged list, we believe also will bring benefits to China's economy and should receive support," she said.

Overall, Lian said she is optimistic about deal activities next year, but mega deals will remain more challenging than before Beijing's intervention.

Citi's Banfield added that Beijing would also favor investments that enhance China's manufacturing capabilities in equipment and technology, and provide access to exploration and development of offshore resources.

Meanwhile, although the U.S. and the European Union have always been favored destinations for Chinese overseas M&A, there was interest emerging in countries falling under the Belt and Road Initiative, according to Alicia Garcia-Herrero and Jianwei Xu, economists at French investment bank Natixis. Association of Southeast Asian nations, particularly Singapore, as well as South Korea and South Asia have become focal points since the announcement of the initiative, the economists added.

Garcia-Herrero told CNBC that it would be "really impossible" for Chinese overseas spending to exclusively fit into a Belt and Road framework, but investments in heavy assets like industrials and infrastructure would be "mainly Belt and Road-related." On the other hand, she said, more asset-light targets such as health care, retail, services or technology will "continue to be West-driven."

What Beijing doesn't want In the last few years, Chinese companies went on massive shopping sprees, snapping up deals varying from luxury resorts to soccer clubs. Many of those deals, experts said, were considered trophy assets and did not align with China's economic goals. Outbound deals grew steadily since 2009 and hit about $200 billion in 2016, a year that included a massive $43 billion takeover bid for Swiss agribusiness Syngenta that was announced by China National Chemical Corp.

Authorities grew worried about economic and financial risks tied to some of those deals. Cash was also flying offshore, which added more pressure to an already weakening yuan and it was unclear how much debt firms were taking on to finance those acquisitions.

The spike in outbound M&A activity was a result of China's increasingly massive financial resources and appetite but also decreasing rate of return on investment domestically, according to Garcia-Herrero and Xu. They added in a note that other reasons for the uptick in deal-making included the "lack of geographical diversification of Chinese corporates' assets and the very concentrated risk on a slower growing China."

But after Beijing clamped down on capital outflows, dealmaking took a hit. Data showed that the total number of deals announced in the first nine months of 2017 fell notably when compared to the same period in the prior year.

There was a 12 percent decline on-year on the number of deals announced in the January through September period, according to Dealogic. Meanwhile, Mergermarket data showed the total value of all deals over $5 million, announced in the same period, fell more than 50 percent on-year.

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To: richardred who wrote (4646)11/26/2017 1:14:44 PM
From: richardred
   of 6147
Why Is China Spending $43 Billion for a Farming Company? The biggest overseas purchase in Chinese history is meant to ensure the world’s largest country can keep feeding its people.
By Keith Johnson | February 15, 2016, 7:30 AM
China’s biggest-ever overseas acquisition, announced this month, isn’t about gobbling up resources to feed its industrial maw, broadening its financial leverage, or enhancing its strategic position. Rather, the $43 billion bid for Swiss agricultural company Syngenta is about something a lot more basic and a lot more important: ensuring that its farms will be able to produce enough food to keep pace with the country’s still-growing population, already the world’s largest.

Beijing today faces a variation of the dilemma that has bedeviled leaders there for thousands of years: how to feed so many people with so little arable land. China today accounts for about 19 percent of the global population, yet has just 8 percent of its arable land. And unlike other countries with growing populations, there’s no land left to till; indeed, given years of chemical abuse in the countryside and industrial pollution that sowed heavy metals through rice paddies, China’s available farmland is actually shrinking

With the population set to keep growing from 1.3 billion today to 1.4 billion or more by 2030, and with demand for cereal grains rising as the population eats ever more beef and pork, the country needs a quantum leap in agricultural productivity if it is going to feed its population in a generation’s time. Food shortages, or spiking prices for food, have been a recipe for unrest, rebellion, and imperial downfall in China for hundreds of years. Food security, the ability to ensure ample and affordable supplies of food for all, is a political headache for leaders in Beijing who are all too aware that staying in power means keeping rice bowls filled. The Syngenta deal — which is meant to keep Chinese farms humming — could be part of the solution.

“Food security has become more prominent under President Xi Jinping. He personally has put a lot of political capital into emphasizing food security,” said Fred Gale, the senior economist for China at the U.S. Department of Agriculture’s Economic Research Service.

It’s not just Xi. Premier Li Keqiang zeroed in on the under-performing agricultural sector in his wide-ranging [url=]critique
last year of China’s economy, following former Premier Wen Jiabao’s lifelong focus on food security. For the 13th straight year, China’s guiding annual policy blueprint, the so-called “No. 1 Central Document,” put agricultural innovation at the top of the nation’s wish list. And food security was at the top of the agenda at last year’s summit between Xi and U.S. President Barack Obama.

That’s where the proposed $43 billion purchase of Swiss-based Syngenta by state-owned China National Chemical Corp., or ChemChina, comes in. Syngenta is one of the world’s biggest producers of crop protection products, from pesticides to fungicides to novel types of seeds that can increase harvests of corn, rice, and wheat. It rebuffed a richer offer last summer from rival agribusiness giant Monsanto Co., but welcomed ChemChina’s bid with open arms; Syngenta’s board of directors said in a release that it was “unanimously recommending the offer” to shareholders.

The deal, Syngenta Chairman Michel Demaré said in a statement on Feb. 3, “is focused on growth globally, specifically in China and other emerging markets, and enables long-term investment in innovation.”

It could also be just what the doctor ordered for Chinese leaders. “The Syngenta acquisition is very consistent with their goal of overhauling the agricultural sector; one of the themes of that overhaul is to rely on new technology to boost productivity,” Gale said.

Indeed, ChemChina Chairman Ren Jianxin talked up the deal as a way to “increase global crop yields” and placed special emphasis on the Chinese market, where he said it’s necessary to increase both agricultural productivity and quality.

Of course, the purchase isn’t just a strategic, state-driven decision. It’s also good business for a Chinese firm aspiring to play in the big leagues. ChemChina, in particular, has just in the last year snapped up a host of foreign firms, including a solar power company, Pirelli, the tire maker, a machine-tools concern, and a commodities trading outfit.

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To: richardred who wrote (4646)11/26/2017 1:19:33 PM
From: richardred
   of 6147
British duck breeder Cherry Valley Farms acquired by Chinese firms
by GBTIMES Beijing Sep 12, 2017 10:39 INVESTMENT AGRICULTURE

Two Chinese companies have acquired leading UK-based duck firm Cherry Valley Farms for US$183m. Photo is illustrative. Britbrat778899 Pixabay

Two Chinese companies have acquired leading UK-based duck firm Cherry Valley Farms for US$183m.

The acquisition, which includes Cherry Valley Farms’ breeding technologies and patent rights, was jointly carried out by Beijing Capital Agribusiness Group and CITIC Modern Agriculture Investment Company.

Founded in 1958, the company has cornered more than three-quarters of the global duck industry, as well as 80 percent of the Chinese market. It has three operational centres, in England, China and Germany, and sells its produce to more than 60 countries and regions.

Coincidentally, Cherry Valley Ducks, also known as Pekin Ducks, actually originate from Beijing.

China is the world's largest duck market in terms of both farming and consumption. The amount farmed in China accounts for nearly three-fifths of total global production each year.

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To: richardred who wrote (4438)11/26/2017 1:55:08 PM
From: richardred
   of 6147
RE-ARTW - With Deere's latest earnings Blowing off the farm dust. Ward McConnell Jr. beneficial owner have been buying in this mid 2 range. His forward options are way out of the money. 275 thousand worth doesn't seem like chicken feed to me IMO.

Koenig Equipment Completes Acquisition of Smith Implements

October 31, 2017 | Posted in Dealers on the Move, Dealer News

BOTKINS, Ohio – Koenig Equipment, Inc., a John Deere dealer based in Botkins, Ohio, completed its acquisition of Smith Implements, Inc., effective October 31, 2017. With the six additional locations, Koenig Equipment now owns and operates 13 John Deere dealership facilities serving agricultural, commercial, governmental and residential customers in 42 counties across Ohio and Indiana.

“Acquiring more locations and increasing our geographic footprint is most exciting because it provides Koenig with additional resources to serve customers more effectively and efficiently while offering greater opportunities for personal and professional growth to our employees,” said Koenig CEO Aaron Koenig. Employing approximately 280 people, Koenig is among the largest equipment dealers in the Midwest.

To learn more about Koenig Equipment and the products and services provided, please visit the company website at and follow the company on Facebook, Twitter and Instagram.

About Koenig Equipment
Founded in 1904 by John C. Koenig, now in its fourth generation as an employee-owned business, Koenig Equipment is a farm and turf equipment dealer proudly serving local agricultural communities, residential property owners, landscapers and contractors. With thirteen locations across southwestern Ohio and southeastern Indiana, Koenig specializes in high-quality brands including John Deere, Honda and Stihl.

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To: richardred who wrote (4602)11/26/2017 6:57:56 PM
From: richardred
   of 6147
Staffing 360 Solutions Announces Transformative $40 Million Refinancing and Closes Two New Acquisitions

September 19, 2017 07:14 ET | Source: Staffing 360 Solutions, Inc.
$40 Million Refinancing of Entire Balance Sheet; Acquisition of CBS Butler Holdings (UK) and firstPRO Georgia (US); Expected to Boost Revenue Nearly 50% and Increase Adjusted EBITDA 100%

NEW YORK, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (Nasdaq: STAF), a company executing an international buy-and-build strategy through the acquisition of staffing organizations in the United States and in the United Kingdom, today announced a number of transformative developments, including a significant refinancing of the Company’s balance sheet and the closing of two material acquisitions.

In line with management’s emphasis on improving the financial health of the Company and reinvigorating its highly focused M&A program, Staffing 360 Solutions is pleased to announce:

• Execution of a comprehensive refinancing of Staffing 360’s balance sheet with current lenders:

  • $40 million 12% senior note with a three-year term and zero amortization prior to maturity.

  • Renegotiated terms of the existing receivable facility for a more attractive $25 million revolver and accordion to $50 million as the business grows, resulting in lower financing costs and increased availability.
  • • Simultaneous closing of two material acquisitions:

  • CBS Butler Holdings Limited
  • • UK-based firm specializing in engineering and IT staffing services.

  • firstPRO Georgia
  • • US-based company with an emphasis on IT staffing and finance & accounting.

    • On an aggregate basis, the above acquisitions are expected to add approximately $85 million to the top line, resulting in $265 million of annualized revenue, and more than double the pro forma Adjusted EBITDA of Staffing 360’s overall business to $11 million on an annualized basis.

    “These developments are a game-changer for our company, vaulting us much closer to our goal of becoming a $300 million annualized revenue business,” said Brendan Flood, Executive Chairman of Staffing 360 Solutions. “While our team has been working diligently behind the scenes to make these complex transactions a reality, we understand our investors have been very patient as we have executed a multi-year strategy of driving operational improvements and financial governance. We believe this refinancing of our balance sheet and simultaneous closing of two acquisitions will help us unlock significant value, especially as we leverage our projected positive operating cash flow from these transactions to drive additional organic and acquisitive growth.”

    Matt Briand, President and CEO, added, “With two acquisitions officially closed, our team is looking forward to adding these outstanding organizations. CBS Butler is an award-winning staffing firm in the UK specializing in the engineering and IT space. The group brings a wealth of management talent and client relationships as a complement to our existing UK businesses. In addition, firstPRO Georgia brings strong accounting, finance and IT depth while expanding our geographic footprint. These firms are leaders in their respective fields and we are thrilled to welcome them to the Staffing 360 family.”

    “We are significantly improving the overall financial strength of our company, as well as our day-to-day operational facilities,” said David Faiman, Chief Financial Officer. “The $40 million refinancing provides us with a financial platform to drive further improvements and operational cash flow. In addition, the enhancements to our receivable facility will help streamline the operational efficiency of our U.S. businesses as we continue to grow and achieve economies of scale.”

    Staffing 360 Solutions will provide additional details to investors regarding these transformative events through forthcoming SEC filings and press releases.

    More information about Staffing 360 Solutions, including investor materials, presentations, white papers, and webcasts, can be found at:

    About Staffing 360 Solutions, Inc.

    Staffing 360 Solutions, Inc. (Nasdaq: STAF) is a public company in the staffing sector engaged in the execution of an international buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and in the United Kingdom. The Company believes that the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT, and light industrial staffing space. For more information, please visit:

    Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.

    Non-GAAP Financial Measures

    Staffing 360 Solutions uses financial measures which are not calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”) in evaluating its financial and operational decision making regarding potential acquisitions, as well as a means to evaluate period-to period comparison. The Company presents these non-GAAP financial measures because it believes them to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. We refer you to the reconciliations below.

    Forward-Looking Statements

    This press release contains forward-looking statements, which may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Although Staffing 360 Solutions, Inc. believes such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Actual results may vary materially from those expressed or implied by the statements herein, including the goal of achieving annualized revenues of $300 million, due to the Company’s ability to successfully raise sufficient capital on reasonable terms or at all, to consummate additional acquisitions, to successfully integrate newly acquired companies, to organically grow its business, to successfully defend potential future litigation, changes in local or national economic conditions, the ability to comply with contractual covenants, including in respect of its debt, as well as various additional risks, many of which are now unknown and generally out of the Company’s control, and which are detailed from time to time in reports filed by the Company with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.

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    To: richardred who wrote (4602)11/26/2017 7:08:26 PM
    From: richardred
       of 6147
    CTG -speculation-oldie

    IT staffing remains industry’s most active segment for M&A
    January 31, 2017

    Though overall merger and acquisition volume across the staffing industry landscape was down last year from the multiyear high set in 2015, IT once again led all staffing occupational segments targeted in number of transactions. As detailed in our recently published Staffing Mergers and Acquisitions Annual Report 2016, the number of publicly announced deals involving staffing firms in North America fell to 69 in 2016 from 92 the prior year, both well short of the 126 transactions we reported in 2007 prior to the onset of the Great Recession.

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