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Luttrell Staffing Group completes acquisition of Sierra Employment Services, Inc.

Apr 01, 2024•over 1 year ago

Acquiring Company

Luttrell Staffing Group

Acquired Company

Sierra Employment Services

KingsportCaliforniaHuman Resources

Description

Luttrell Staffing Group, a leading staffing firm, has successfully acquired Sierra Employment Services, Inc. This strategic move will diversify Luttrell Staffing Group's service offerings, expand its client base, and venture into new markets, aligning with the company's model of growth and expansion.

Company Information

Company

Luttrell Staffing Group

Location

Kingsport, Tennessee, United States

About

Luttrell Staffing Group, founded in 1993, is among the top 1% largest staffing firms in the U.S. The firm has grown from a single branch in Greeneville, Tennessee to 40 locations across seven states. Luttrell Staffing Group provides comprehensive workforce solutions to organizations across Tennessee, Virginia, Georgia, Kentucky, Illinois, California, and Vermont. The company specializes in light industrial, warehouse, general and skilled labor, construction, and office/clerical jobs, as well as many other rewarding careers.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed