HireQuest, Inc. (HQI): M&A transaction — HireQuest closes acquisition of MRINetwork, adds 232 franchise offices

HireQuest, Inc.

Acquired customer lists and franchise agreements of MRINetwork, the third-largest executive recruiting network.
Adds 232 franchise offices in the U.S. and internationally, gaining scale in executive search.
No purchase price disclosed; deal originally announced on November 16, 2022.
Transact Capital Securities served as financial advisor to MRINetwork.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HireQuest, Inc. completed an acquisition involving MRI Network Holdings, Inc., Management Recruiters International, Inc., MRI International, LLC, and MRI Contract Staffing, LLC (closed 2022-12-12).

Action: acquisition
Counterparty: MRI Network Holdings, Inc., Management Recruiters International, Inc., MRI International, LLC, and MRI Contract Staffing, LLC
Closing: 2022-12-12

Exact text from the filing

On December 12, 2022, HQ Snelling Corporation (“HQ Snelling”), a wholly owned subsidiary of HireQuest, Inc. (the “Company”) completed its acquisition of certain assets and assumption of certain liabilities (the “Transaction”) of MRI Network Holdings, Inc., Management Recruiters International, Inc., MRI International, LLC, and MRI Contract Staffing, LLC (collectively, the “Sellers”)

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HireQuest, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-028912

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