GEE Group Inc. announced the acquisition of Hornet Staffing, Inc., effective January 3, 2025. Hornet Staffing is an Atlanta-based provider of staff augmentation services with national service capability, specializing in information technology, professional, and customer service staffing verticals.
The acquisition was completed for $1.5 million, consisting of $1.1 million in cash and $0.4 million in promissory notes. This transaction is expected to be accretive to GEE Group's earnings, strengthening its financial outlook.
This strategic tuck-in acquisition deepens GEE Group's capacity to serve Managed Service Provider (MSP) and Vendor Management System (VMS) clients. It also adds valuable offshore recruiting capabilities, which are expected to enhance efficiency and reduce operational costs across the company's staffing verticals.
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