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Article: Barrett Business Services, Inc. Announces Acquisition of TSU Staffing.
- Article from:
- PR Newswire
- Article date:
- June 1, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PORTLAND, Ore., June 1 /PRNewswire/ -- Barrett Business Services, Inc. (Nasdaq: BBSI) today announced the acquisition of TSU Staffing ("TSU") headquartered in Concord, California pursuant to an asset purchase agreement effective May 31, 1999. The all-cash transaction, valued at approximately $10.5 million, includes a one-year note payable for approximately $0.9 million.
TSU, a privately-held staffing services company, operates nine branch offices in Northern California. TSU's business mix of fifty percent clerical and fifty percent light industrial generated revenues of $25.0 million for the year ended December 27, 1998. Vincent ...
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