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FRENCH STAFFING PROVIDER ENTERING US MARKET WITH ACQUISITION OF ILLINOIS-BASED FIRM

Press Release – Paramount Staffing, a Northbrook, Ill-based industrial staffing firm that ranked on the list of largest US staffing firms, was acquired by Proman Group, effective June 18. The Paramount Staffing brand will remain, and its executives and team members will stay in their current positions. Terms of the transaction were not disclosed.

Proman is based in France, and did not previously have a US presence. It plans to use Paramount as its platform for future US growth.

“The companies match up perfectly from a cultural standpoint, growth strategy, and outlook of the staffing industry,” Paramount owner Matt Schubert said. “The acquisition will create tremendous opportunities for our team members as we look to expand to more cities throughout the country.”

Schubert and his wife Tina launched Paramount in 1998 in Memphis, Tenn. The company then expanded into Illinois, opening seven additional offices over the next seven years.

Paramount ranked No. 117 on SIA’s list of largest US staffing firms last year based on reported revenue of $131 million for 2016.

Proman Group, founded in 1990 by CEO Roland Gomez and his wife, reported $1.8 billion of revenue in 2017 and operates 350 offices in France, Monaco, Switzerland, UK, La Reunion, Mayotte, Luxembourg, Belgium and Canada. The company provides general and professional staffing to the industrial, skilled trades, construction and professional sectors. It currently employs 45,000 temporary workers.

“The Paramount Staffing acquisition is a major milestone for Proman to access the largest staffing market in the world and we are delighted Matt and Tina along with [Proman North America CEO] Gilles Tanneur will spearhead Proman’s expansion in the US,” Gomez said.

Tanneur was Proman’s sole employee in the US prior to the acquisition. His main focus is to identify acquisition opportunities going forward. Additionally, he will work with Paramount Staffing teams to assist in developing and maintaining accounts.

July 02 2018

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