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$17.5 Million Revenue, Nationwide Technical Staffing Agency

Listing Code:

NYST1A

State:

New York

Category:

Staffing

Asking Price:

$7,500,000

Revenue:

$17,500,000

NYST1A
Company Overview American HealthCare Capital is pleased to exclusively represent an award-winning, nationwide Technical Staffing agency for sale that is headquartered in New York with Virtual home offices in Virginia, Pennsylvania, Florida, Illinois, Indiana, and North Carolina. Established over 30 years ago, the company is a full-service technical staffing company with flexible engagement options to meet its clients’ unique staff augmentation goals. The business focuses on placing information technology and engineering professionals to meet the technology planning, development, and implementation needs in a multitude of sectors, including healthcare, Aerospace and Defense, Automotive, commercial enterprises, federal and state governments, media and broadcast, the financial sector, and the medical device sector. Financial Overview The technical staffing company primarily delivers technical professionals on contract placement, which accounts for 97% of all revenue), and direct (permanent) placement, which accounts for 3% of all revenue. While this business provides a diverse group of candidates to global and nationwide companies, the bulk of their placements are made in the Mid-Atlantic Region, and the majority of their candidates reside on the eastern seaboard. The company works on a pay-for-performance basis. They do not solicit retained relationships. However, for a long-term engagement requiring many placements, they will assign a dedicated engagement team to meet that client’s specific needs. Their permanent placement fees are 20% of the annual salary offered to the employee. The business has been increasing revenues over the last several years. In 2020 during the pandemic, they grossed $11.9 million in revenue. They followed up the pandemic recovery year with an increase to $12.9 million in total revenue. As the economy continued to heal, Elite Technical continued to grow, reaching $16.6 million in revenue in 2022 with an adjusted EBITDA of $1.28 million. The projection for the year ending 2023 continues to be strong, with overall gross revenue estimated at $17.5 million with an EBITDA of $1.2 million. The technical staffing agency has filed for and is awaiting ERC monies of approximately $1.4 million that will not be part of the sale. Staff Overview The owners are pursuing a sale to pursue other business interests and spend more time with family. They are willing to stay on during the transition period to ensure the new owners are familiar with all aspects of the business. Asking Price The asking price for this technical staffing agency is $7.5 million.

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Listing Code:

NYST1A

Listing Title:

$17.5 Million Revenue, Nationwide Technical Staffing Agency

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Contact the Team

Jack Eskenazi American Healthcare Capital

Jack Eskenazi

President/Founder

American HealthCare Capital

Dr. Allen Nazeri DDS MBA.jpg

Dr. Allen Nazeri 

Managing Partner

PRIME exits

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