Compass Sells Staffmark to Japanese Recruit
Mid-market investor Compass Diversified Holdings has entered into a definitive agreement to sell its majority owned subsidiary, Staffmark Holdings, Inc. to a subsidiary of Japan-based Recruit Co., Ltd for a total enterprise value of $295 million. Compass anticipates making a gain on the sale of Staffmark ranging between $75 million and $90 million for the quarter ended December 31, 2011.
20 October 2011•2 mins read
