Toronto, ON – June 1, 2017 – People Store Staffing and Peoplesource Staffing Solutions have entered into an agreement to merge as of June 2017, which will produce one of the largest private staffing companies in Canada.
John Nalli, President and CEO of People Store Staffing, and Frank Cianciulli, CEO of Peoplesource Staffing Solutions, are creating a partnership that will capitalize on industry growth opportunities, deliver continued ser-vice innovation, and deliver consistent reliable operational excellence. The merged company will yield import-ant benefits for suppliers, vendors, partners, clients, candidates and employees.
This merger represents “coming full circle” for John in particular, as he co-founded Peoplesource with Frank back in 2003. “The merger is somewhat of a homecoming for me, as I had left Peoplesource in 2009 to start People Store,” said John Nalli, President and CEO of People Store Staffing. “Achieving tremendous success in both companies has provided me with an opportunity to develop key business strategies, which sets up nicely to move the business forward. I’m excited to be in a position to see a combined company achieve the kind of success and notoriety that you only read and hear about.”
This merger has come about in order to leverage the strengths of each company and reunite the co-founders’ initial vision. “Back in 2009 we split the company into Peoplesource and People Store to navigate through the great recession,” said Frank Cianciulli, CEO of Peoplesource Staffing Solutions. “Our strengths complement each other, which means that our merge will allow us to serve our clients even better.” As a result of the merger, all temporary staffing functions including On-Site Services, Light Industrial, Logistics and Office Clerical will be facilitated by People Store. All Permanent Search and Contract Services will be facilitated by Peoplesource.
This strategic partnership will ensure the two companies are well positioned to navigate an evolving staffing industry and it will offer only best-in-class staffing services to clients throughout Canada. “The merger is an integral part of our high-growth consolidation strategy,” said John Nalli. “This fits very well with our clients’ increasing needs for a full range of HR solutions across Canada, and it will add considerable depth to our operations, allowing us to offer even more specialized services within a much larger network of offices.”
“A consolidation strategy is ideal for the highly fragmented staffing industry and we need to continue adjusting to thwart disruption,” said Frank Cianciulli. The merged company will continue to seek out prospective acquisitions that fit into the existing vision, integrity and company culture. Current annual sales of the companies are approaching $100 million and the improved alignment positions the companies well to be the largest privately held in the country within five years.
About People Store:
Unlike any other company, People Store provides a continuous partnership with its clients through a unique tiered approach to staffing: Diagnosis and Implementation. As workforce professionals, People Store helps companies efficiently deploy human resources to improve their bottom line. People Store views its relationships with its clients as strategic partnerships. By providing the industry’s widest array of services through a unique human resource business model, People Store retains expertise in individual service lines. The result is that People Store provides both superior customer service for specialized needs and comprehensive solutions for a variety of challenges; all offered through specialized and customized services.
About Peoplesource:
Peoplesource Staffing Solutions is a premier provider of recruitment solutions in Canada. They bring together fresh ideas and unique experiences to build valuable, strategic partnerships with both clients and candidates. Peoplesource does not just match people to jobs, through their partnerships they uncover what their clients define as success so they can exceed expectations. Peoplesource is proud to be 100% Canadian owned and operated, and is part of the multi-award winning Wish Group company.
About Wish Group:
Wish Group is a collection of companies anchored by entrepreneurial passion, run by hard work and growing because of integrity. We continue to focus on becoming the premier business solutions provider in Canada by providing diversified services to Canadian clients across industries. We strongly believe our people are the single greatest resource to success. When you combine great ideas with great people, you have an unstoppable force. The energy of our ambitious team combined with proven leadership excellence creates a cohesive organization that focuses on providing exceptional service to our business clientele.