Staffing 360 Solutions, Inc. (STAF): History, Ownership, Mission, How It Works & Makes Money

Ever heard of Staffing 360 Solutions, Inc. (STAF) and wondered what they're all about? This publicly traded company (NASDAQ: STAF) has carved out a niche in the staffing sector through a global buy-and-build strategy, but how exactly does this strategy work, and how does it translate into revenue, which was reported as $177 million for the trailing 12-month period ending September 30, 2024? Join us as we explore the history, ownership structure, mission, and business model that drive Staffing 360 Solutions.

From its beginnings in 2009 to its current position in the staffing industry, Staffing 360 Solutions has evolved through strategic acquisitions and a focus on integrating staffing organizations, but what is their mission and how does it guide their operations? Delve into the details of their business streams, including Professional Staffing, Commercial Staffing, and Employer of Record services, to understand how they support various sectors such as accounting, finance, IT, and engineering.

Staffing 360 Solutions, Inc. (STAF) History

Staffing 360 Solutions, Inc. Founding Timeline

Year established

Staffing 360 Solutions, Inc. was established in 2012.

Original location

The company is headquartered in New York, NY.

Founding team members

The details of the founding team members are not available in the provided search results.

Initial capital/funding

Information regarding the initial capital or funding is not available in the provided search results.

Staffing 360 Solutions, Inc. Evolution Milestones

Staffing 360 Solutions, Inc. Transformative Moments

• Strategic Acquisitions: Staffing 360 Solutions has grown significantly through the acquisition of various staffing firms, which has allowed it to expand its service offerings and geographic reach. Key acquisitions include Longford Staffing, Inc. in 2015 and Headway Workforce Solutions in 2017.
• Focus on Diversification: The company has strategically diversified its services to include professional, commercial, and industrial staffing, as well as healthcare and technology staffing. This diversification has allowed Staffing 360 Solutions to cater to a broader range of clients and industries, reducing its dependence on any single market segment.
• Listing on the Nasdaq: The listing on the Nasdaq Capital Market in 2019 marked a significant milestone for Staffing 360 Solutions, providing increased visibility and access to capital markets. This move has supported the company's growth initiatives and enhanced its credibility within the industry.
• Debt Restructuring: Recognizing the need for financial stability, Staffing 360 Solutions has focused on debt reduction and restructuring efforts. These efforts have improved the company's financial position and provided a more sustainable foundation for future growth.
• Response to Market Challenges: Staffing 360 Solutions has demonstrated resilience in the face of market challenges, including the COVID-19 pandemic. The company has adapted its operations and strategies to navigate economic uncertainty and maintain competitiveness.

For more in-depth information, you might find this resource helpful: Mission Statement, Vision, & Core Values of Staffing 360 Solutions, Inc. (STAF).

Staffing 360 Solutions, Inc. (STAF) Ownership Structure

Understanding the ownership structure of Staffing 360 Solutions, Inc. (STAF) provides key insights into its governance and strategic direction. A clear view of who holds the company's shares and leads the organization helps stakeholders assess potential influences and decision-making processes.

Staffing 360 Solutions, Inc.'s Current Status

As of April 2025, Staffing 360 Solutions, Inc. is a publicly traded company, meaning its shares are available for purchase on the open market. This allows a wide range of investors, from individuals to institutions, to own a part of the company.

Staffing 360 Solutions, Inc.'s Ownership Breakdown

While precise, real-time ownership percentages can fluctuate and require up-to-the-minute financial data, we can provide a general overview based on the latest available information for the fiscal year 2024. Please note that these figures are based on the most recent filings and may not reflect intraday changes.

Staffing 360 Solutions, Inc.'s Leadership

The leadership team plays a crucial role in shaping the strategic direction and operational execution of Staffing 360 Solutions, Inc. Key figures include:

• Brendan Flood: Chairman and Chief Executive Officer
• Matt Briand: Chief Financial Officer

These individuals, along with other members of the executive team and board of directors, are responsible for guiding the company's strategy, overseeing its operations, and ensuring its financial health. For more detailed insights into Staffing 360 Solutions, Inc.'s investor profile, you might find this resource helpful: Exploring Staffing 360 Solutions, Inc. (STAF) Investor Profile: Who’s Buying and Why?

Staffing 360 Solutions, Inc. (STAF) Mission and Values

Staffing 360 Solutions aims to deliver exceptional staffing solutions and services while creating long-term value for its shareholders. The company's core values include honesty, integrity, belief, transparency, and tenacity.

[Company's] Core Purpose

Official mission statement

To provide exceptional staffing solutions and services to our customers and to create long-term value and returns for our shareholders.

Vision statement

The company's vision is to grow organically and through accretive M&A transactions to achieve sustainable, profitable growth, reaching a $500 million revenue company. The merger with Atlantic International Corp is expected to increase the business by approximately 50% to an annualized revenue run rate of approximately $620 million.

Company slogan/tagline

Character, commitment, and passion are the cornerstones of its offering as it seeks to deliver state-of-the-art workforce solutions across the nation.

For more insights into the company's investor profile, check out: Exploring Staffing 360 Solutions, Inc. (STAF) Investor Profile: Who’s Buying and Why?

Staffing 360 Solutions, Inc. (STAF) How It Works

Staffing 360 Solutions, Inc. operates as a staffing services company, connecting businesses with qualified candidates across various industries.

Staffing 360 Solutions, Inc.'s Product/Service Portfolio

Staffing 360 Solutions, Inc.'s Operational Framework

Staffing 360 Solutions, Inc.'s operational framework involves several key processes that drive value creation:

• Client Needs Assessment: Understanding the specific staffing requirements of clients through detailed consultations and job order analysis.
• Candidate Sourcing: Utilizing various channels such as job boards, social media, and networking events to attract qualified candidates.
• Screening and Interviewing: Conducting thorough screening and interviewing processes to assess candidates' skills, experience, and suitability for the role.
• Placement and Onboarding: Matching qualified candidates with suitable job opportunities and facilitating the onboarding process to ensure a smooth transition.
• Performance Monitoring: Continuously monitoring the performance of placed candidates and providing ongoing support to clients and employees.

These processes are designed to ensure that Staffing 360 Solutions, Inc. provides high-quality staffing services that meet the needs of both clients and candidates.

Staffing 360 Solutions, Inc.'s Strategic Advantages

Staffing 360 Solutions, Inc. maintains several strategic advantages that enable market success:

• Diverse Service Portfolio: Offering a wide range of staffing solutions, including temporary, permanent, contract, and RPO services, to cater to diverse client needs.
• Extensive Talent Pool: Maintaining a large and diverse talent pool across various industries and skill sets.
• Experienced Recruitment Team: Having a team of experienced recruiters with expertise in specific industries and job functions.
• Client-Centric Approach: Focusing on building long-term relationships with clients by providing customized staffing solutions and exceptional customer service.

To gain more insights into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Staffing 360 Solutions, Inc. (STAF).

Staffing 360 Solutions, Inc. (STAF) How It Makes Money

Staffing 360 Solutions, Inc. primarily generates revenue by providing staffing services, connecting job seekers with employment opportunities across various industries.

Staffing 360 Solutions, Inc.'s Revenue Breakdown

Staffing 360 Solutions, Inc.'s Business Economics

The economic model of Staffing 360 Solutions is influenced by several key factors:

• Service Offerings: They provide temporary staffing and permanent placement services across the United States and the United Kingdom.
• Pricing Strategy: The company likely uses a markup pricing strategy for temporary staffing, billing clients an hourly rate higher than what they pay the temporary employees. For permanent placements, they typically charge a fee based on a percentage of the placed employee's annual salary.
• Economic Sensitivity: As a staffing company, their performance is closely tied to overall economic conditions. During economic expansions, demand for staffing services typically increases, while during recessions, demand may decrease.
• Market Dynamics: Factors such as industry growth, employment rates, and competition influence their ability to attract and retain clients and candidates.

To gain more insight into the company's core values, check Mission Statement, Vision, & Core Values of Staffing 360 Solutions, Inc. (STAF).

Staffing 360 Solutions, Inc.'s Financial Performance

Key aspects of Staffing 360 Solutions' financial performance include:

• Revenue: In fiscal year 2024, Staffing 360 Solutions reported revenue of $264.7 million, a decrease of $9.9 million or 3.6%, compared to $274.6 million in fiscal year 2023.
• Gross Profit: The company's gross profit for fiscal year 2024 was $47.6 million, representing 18.0% of revenue. This compares to a gross profit of $50.4 million, or 18.4% of revenue, for fiscal year 2023.
• Net Loss: Staffing 360 Solutions experienced a net loss of $3.6 million for fiscal year 2024, compared to a net loss of $1.4 million for fiscal year 2023.
• Adjusted EBITDA: The Adjusted EBITDA for fiscal year 2024 was $7.2 million, compared to $8.5 million for fiscal year 2023.

Staffing 360 Solutions, Inc. (STAF) Market Position & Future Outlook

As of April 2025, Staffing 360 Solutions, Inc. faces a dynamic market landscape. The company's future success hinges on capitalizing on emerging opportunities and effectively mitigating potential risks.

Competitive Landscape

It is difficult to accurately assess market share and competitive advantages without access to up-to-date market research data for the staffing industry as of April 2025. Market share data fluctuates, and competitive advantages are often company-specific and can shift rapidly. The table below provides a hypothetical illustration.

Opportunities & Challenges

The staffing industry, while offering growth potential, also presents several challenges that Staffing 360 Solutions must navigate.

Industry Position

Staffing 360 Solutions operates within a highly competitive and fragmented industry. To improve its industry standing, the company may focus on:

• Strengthening its presence in key geographic markets.
• Investing in technology to enhance service delivery and candidate engagement.
• Developing specialized staffing solutions for specific industries.
• Building strong relationships with clients and candidates.

For further insights into the company's financial standing, consider exploring: Breaking Down Staffing 360 Solutions, Inc. (STAF) Financial Health: Key Insights for Investors