Article: Barrett Business Services, Inc. Announces Acquisition of TSU Staffing.

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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