Hirequest, inc. enters definitive agreement to acquire assets of mrinetwork

Acquisition will add 232 franchises focused on executive search and professional staffing services goose creek, sc / accesswire / november 16, 2022 / hirequest, inc. (nasdaq:hqi), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire certain assets of mrinetwork, ("mri") (mrinetwork.com), the third-largest executive recruiting network in the world, headquartered in delray beach, florida, for approximately $13.5 million before working capital adjustments. the assets include mri's 232 franchise offices in the u.s. and internationally, which generated approximately $283 million in systemwide sales and standalone adjusted ebitda of $1.9 million for the trailing 12-month period ended september 30, 2022.
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