M&A Deals of the Week

QPS acquires another Wisconsin staffing company
Brookfield-based QPS Companies Inc. has acquired N.E.W. Contracting, which has offices in Green Bay and Appleton.
With the acquisition, QPS, a staffing company, will add an estimated 20 percent to the business already generated by its own locations in Appleton and Green Bay.
N.E.W. was acquired from owner Blaise Krautkramer, who will no longer oversee the firm. The N.E.W. employees will be retained and will become QPS employees. The N.E.W. name will not be retained.
"We’re excited about the expansion and growth we’re experiencing in the Fox Valley area, which ultimately allows us to expand our geographical reach and better serve both our customers and applicants," said Dan McNulty, executive vice president and chief operating officer of QPS. "The acquisition is just another step in our 2008 growth and development plan."
QPS has more than 200 employees in 20 office locations throughout Wisconsin and Illinois.

Manpower acquires Dutch staffing firm
Manpower Inc., a world leader in the employment services industry, announced recently that it has acquired Vitae, a leading professional placement firm in the Netherlands. Vitae, which has offices in 10 locations, will initially operate independently under its own brand, affiliated with Manpower Professional within Manpower Netherlands. Vitae’s current directors will remain active in the company.
"This acquisition of Vitae is part of our ongoing strategy to broaden our portfolio of recruitment services within our Manpower Professional brand to provide our clients with all of the talent they need, particularly the technology and finance professionals that are currently in high demand," said Jeffrey A. Joerres, Manpower Inc. Chairman and CEO.
Established in 1986, Vitae offers permanent placement for approximately 4,000 candidates per year in 12 different specialist fields. Vitae has a strong reputation for identifying effective solutions specialized in reaching and retaining professionals, and for continually nurturing the professional and personal development of candidates.

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