MAGELLAN ACQUIRES PEOPLEFLEX
MAGELLAN SEARCH GROUP HAS ACQUIRED PEOPLEFLEX PROFESSIONALS'
TEMPORARY STAFFING DIVISION. MAGELLAN WILL CONTINUE TO
PROVIDE THE SAME EXCELLENT LEVEL OF SERVICE THAT PEOPLEFLEX'S
CLIENTS AND CANDIDATES HAVE GROWN TO EXPECT.
The addition of Peopleflex's temporary staffing services
complements our permanent placement business and furthers
Magellan's goal to become a one-stop shop for our accounting and
finance clients. This transaction greatly enhances our consulting
practice and affirms our position as one of the fastest growing
companies in the Philadelphia region.
You can read the press release about this news
below.
Peopleflex Becomes AC Lordi
Search
Magellan Search Group Acquires
Peopleflex's Temporary Staffing Business
WEST CHESTER, PA - (March 16, 2011) - AC Lordi, a leading
provider of accounting and risk management consulting, announced
today that its Peopleflex subsidiary will take the name AC Lordi
Search to provide its direct hire services for accounting, audit
and tax professionals. In addition, the Magellan Search Group has
purchased the company's temporary staffing operations in
Philadelphia. The move streamlines AC Lordi's array of services to
enable the firm to focus on its core offerings. AC Lordi and
Magellan have also entered into a formal alliance to offer each
other's services to their respective clients.
"This strategic decision aligns AC Lordi's services with
our corporate vision as the exceptional alternative to the Big 4
accounting firms for non-attest work," said Frank Lordi, CEO of AC
Lordi. "Teaming up with Magellan Search Group enables both firms to
accelerate execution of our strategic plans while providing
uninterrupted service to our clients."
"The addition of Peopleflex's temporary staffing services
complements our permanent placement business and furthers Magellan
Search Group's goal to become a one-stop shop for our accounting
and finance clients," said Magellan CEO Joseph Nicolas. "This
transaction elevates our position as one of the fastest growing
companies in the Philadelphia region," added president Matthew
Kenefic.
To ensure a smooth transition, Magellan will hire all Peopleflex
employees assigned to existing contracts and lease space in AC
Lordi's Center City office.
About Magellan Search Group
Magellan Search Group specializes in direct-hire, contract
and temporary recruitment solutions for accounting & finance
and renewable energy services professionals. The company is
recognized as a regional leader in executive search and as one of
the fastest growing companies in the Philadelphia region. www.magellangroup.com
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