Everett, WA — August 1, 2023 — TERRA Staffing Group (“TERRA”), an award-winning staffing firm headquarterd in the Pacific Northwest, is pleased to announce the acquisition of ASG Staffing, Inc. (“ASG”). TERRA is backed by Hastings Equity Partners (“Hastings”), a preferred capital partner to founders of lower middle market businesses. This is the first add-on investment TERRA has completed since receiving an investment from Hastings in January 2023.
Founded in 1995 by Chuck Porcelli and headquartered in Bensenville, IL, ASG provides high volume, skilled labor recruitment for customers across the Midwestern U.S., offering both temporary and direct hire solutions for employers and industrial workers. ASG serves light industrial customers operating in manufacturing, food manufacturing, and warehousing industries.
ASG is highly complementary to TERRA’s scaled industrial staffing platform. The combined companies will have a strong, well-diversified customer base and a larger geographic footprint. The acquisition of ASG adds 10 new staffing offices to the company in the Midwest, accelerating TERRA’s eastward expansion strategy. The combined TERRA/ASG platform now operates out of 28 offices, serving customers across 9 different states.
“Our mission is Success Stories Created Daily and we found in ASG a partner who shares that same vision. We believe that TERRA and ASG joining forces will be a huge benefit to our clients and talent as we can serve both of them in even more ways,” said TERRA CEO Greg Lambert. “Joining forces with ASG doesn’t just make us bigger—it makes us better.”
Lambert added that in the ASG team, he found willing partners who share values around building relationships based on results. The company’s diverse portfolio of clients and track record of retaining long-term client relationships made ASG a great fit for TERRA.
“I could not be more excited to begin this partnership with the TERRA and Hastings teams,” stated Chuck Porcelli, Founder of ASG. “My team and I believe in the growth of our organization, and we have found that TERRA and Hastings share the same enthusiasm for the staffing industry. I am confident in our ability to continue exceeding customers’ expectations by continuing to grow into new markets in the coming years.”
About TERRA Staffing Group
TERRA Staffing Group is an award-winning, west coast-based staffing firm that provides industrial, administrative, and technical staffing across industries such as industrial, consumer products, food and beverage, and logistics. The company was founded 40 years ago and today operates out of 18 offices in five states. For more information, visit www.terrastaffinggroup.com
About ASG Staffing, Inc.
ASG provides high volume, skilled labor recruitment for customers across the Midwestern U.S., with both temporary and direct hire solutions for employers and industrial workers. ASG serves light industrial customers operating in manufacturing, food manufacturing, and warehousing industries. ASG was founded in 1995 by Chuck Porcelli and is headquartered in Bensenville, IL.
ASG has over 10 staffing offices across Illinois, Indiana, Wisconsin, and Tennessee. For more information, visit www.asgstaffing.com
About Hastings Equity Partners
Founded in 2004, Hastings Equity Partners is a lower middle-market private equity firm. Hastings invests first institutional capital in North American founder-led companies within the industrial and business services sectors, where it has deep operating and investing experience. As a preferred capital partner, Hastings seeks to empower businesses to reach their full potential. For almost two decades, the firm has formed long-term partnerships with entrepreneurs while utilizing a hands-on approach to enhance operations, provide strategic support, and accelerate growth. For more information, visit www.hastingsequity.com.