TORONTO, ONTARIO – (Newswire – May 6) Peoplesource Search Group Inc. and The Finance Department Limited (TFDL) have entered into a strategic partnership agreement, which along with sister company People Store Staffing, will produce one of the largest private staffing operations in Canada.
The partnership will capitalize on industry growth opportunities and deliver continued service innovation and consistent, reliable operational excellence. The combined businesses will yield important benefits for suppliers, vendors, partners, clients, candidates and employees.
“Our strengths complement each other, which means that our partnership will allow us to serve our clients even better, and with a wider range of recruiting services”, said John Huxtable, President of The Finance Department Limited, adding that the partnership will leverage the strengths of each company and provide an enhanced presence in the Accounting & Finance Recruitment niche.
It will also better position both companies to navigate an evolving staffing industry in order to offer best-in-class staffing services to clients throughout Canada. “The partnership is an integral part of our high-growth consolidation strategy,” said Frank Cianciulli, CEO of Peoplesource Search Group. “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.”
The companies will continue to seek out prospective acquisitions and partnerships 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 businesses to make up the largest privately held staffing solutions operation in the country within five years.
About The Finance Department Limited:
Since 1996, through Professionalism and Process, TFDL has been providing its clients with superior service and results. They specialize in the Permanent and Contract Placement of Accounting & Finance Professionals, from Financial Analyst to CFO. They provide financially-oriented business professionals (CPA, CA, CMA, CGA, CIA, CFA, MBA) that POWER organizational high performance. (www.TFDL.com)
About Peoplesource Search Group Inc.:
Peoplesource Search Group Inc. 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.
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 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 focused on providing exceptional service to our business clientele.
For further information: John Huxtable, CPA, CA, (416)-637-9630 – jhuxtable@TFDL.com