ACCUSTAFF TO ACQUIRE $43 MILLION GW CONSULTING; A LEADER IN INFORMATION TECHNOLOGY STAFFING AND CONSULTING SERVICES.JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dec. 1, 1995--AccuStaff Incorporated (Nasdaq/NM:ASTF ASTF Arab Science and Technology Foundation (United Arab Emirates) ASTF Aeropropulsion Systems Test Facility ASTF Aerospace Structures Test Facility ASTF Australian Standard Transfer Form ASTF A Suit That Fits ), a Jacksonville-based temporary staffing and outsourcing company, today announced that it has signed a definitive agreement to acquire by purchase 100% of the common stock of GW Consulting, the largest provider of staffing solutions in northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . The transaction is expected to close on or about January 3, 1996. Terms of the agreement were not disclosed. Headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , GW Consulting has branch offices in San Francisco, Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. (Silicon Valley), Walnut Creek Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. and Sacramento, California. Revenues were in excess of $35 million for the year ended March 31, 1995, and are approximately $43 million for the twelve-month period ended October 31, 1995, based upon unaudited financial information for those periods. GW Consulting was co-founded in 1983 by Weldon Wasson. The company's clients include Fortune 500 and other large corporations. Weldon Wasson will remain as president of the company and, with his management team, will head and accelerate AccuStaff's expansion of staffing services on the West Coast to meet the rapidly changing information technology services environment. GW Consulting will be a part of AccuStaff's Professional Services division. Derek E. Dewan de·wan n. Any of various government officials in India, especially a regional prime minister. [Hindi d , President and Chief Executive Officer of AccuStaff, said, "This acquisition represents a major expansion of our computer staffing services capabilities to the West Coast. The demand for staffing and outsourcing solutions in the computer software industry is growing rapidly. With the addition of GW Consulting and our recent acquisition of Computer Professionals, we expect staffing revenues from the information technology sector to be in excess of $75 million for 1996." AccuStaff is a leading provider of temporary staffing and outsourcing services to businesses, professional and service organizations, and governmental agencies. After giving effect to the GW acquisition and the previously announced acquisition of Perma Temp Agency (11/30/95), the Company will operate 91 branch offices in 20 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and is organized into three divisions -- the Commercial division, the Professional Services division, and the Telecommunications division. CONTACT: AccuStaff Inc., Jacksonville Michael D. Abney or Derek E. Dewan, 904/725-5574 |
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