Award winning, locally-owned staffing firm expands service offerings
TERRA Resource Group, a locally owned independent staffing firm, has purchased Renton-based Allstaff, Inc. The announcement was made by TERRA CEO Steve Neighbors.
Financed by The Commerce Bank of Washington, the transaction was finalized Dec. 19. The acquisition doubles TERRA’s annual revenues and increases the firm’s staff size by 50 percent.
“We’re excited about Allstaff joining the TERRA family,” said Neighbors. “The acquisition is an important step forward in meeting our growth objectives. The addition of Allstaff allows us to expand our market reach and offer existing clients a new value proposition: high volume, just-in-time industrial staffing.”
Neighbors does not foresee significant changes to the Allstaff business model. The name will be retained and staffing services will remain available through Allstaff’s offices in Renton, Seattle and Federal Way. Division Manager Tony Massey and Operations Manager Gary Zumwalt will continue overseeing day-to-day functions. Both men report to Greg Lambert, Chief Operating Officer of TERRA.
“Key to this acquisition is the talented management team that Allstaff has in place,” said Neighbors. “We’re happy to have Tony and Gary and their exceptional staff join us.”
According to Neighbors, TERRA may consider additional acquisitions. The firm’s growth model is based upon developing complementary staffing services that enable continued expansion in the Puget Sound market.
About TERRA Resource Group
Privately-held TERRA Resource Group was founded in 1983 and is headquartered in Everett, Wash. The company offers temporary and direct hire administrative and accounting staffing services in its Everett and Seattle offices. Skilled light industrial staffing is also available through the Everett branch. TERRA also operates Talentum Search Partners. Talentum focuses exclusively on nationwide placement of sales managers, senior level professionals and other positions with revenue responsibility. More information about TERRA Resource Group is at www.terrasvc.com.
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