General Employment acquires Paladin Consulting

NAPERVILLE - General Employment Enterprises, said it has acquired Dallas-based information technology and professional staffing company Paladin Consulting, Inc., effective January 1, 2016.

Terms of the acquisition were not announced.

Paladin is a staffing solutions provider in many markets, including Seattle, Charlotte, Atlanta, Richmond, Framingham Mass., and has a satellite office in the Washington D.C. metro area. The firm provides staffing services in several expanding industries including Retail Technology; eCommerce and Healthcare Technology.

General Employment officials said in a release that the acquisition will raise projected revenue in the range of $16 million to $18 million for calendar 2016. In combination with Paladin and other completed acquisitions, estimates that combined projected pro forma revenue for the calendar year 2016 is anticipated to reach or exceed approximately $90 million, more than double the reported revenue for the fiscal year ended September 30, 2015, the company said.

"Paladin, led by Chairman Enoch Timothy, exemplifies the ideal professional staffing company providing a vast array of human capital solutions in a number of areas that are in high demand," said General Employment Chairman and CEO Derek Dewan. "This acquisition allows the company to increase its service capability nationwide.

"The acquisition fits within our strategic growth strategy, which includes expansion of our IT staff augmentation and solutions presence into key markets where there is significant spending for IT staffing services and increasing our professional services capabilities in accounting and engineering. We are growing our Company's geographic footprint to better serve our national clients in more key markets with a broader and deeper breadth of IT and other professional services offerings," he added.