Staffing Industry Analysts, Inc. (www.staffingindustry.com), the premier research, data and analysis firm covering the temporary workforce, has been sold to Crain Communications Inc. (www.crain.com), the 90+ year-old business-to-business media company.
JEGI CLARITY (www.jegiclarity.com), the leading provider of independent investment banking services for media, information, marketing services and related technologies, represented Staffing Industry Analysts in this transaction and acted as its exclusive financial advisor.
“Crain Communications is broadening its portfolio of media assets with its acquisition of Staffing Industry Analysts. For almost 20 years, Staffing Industry Analysts has been serving staffing companies, and more recently large corporations that buy contingent labor, with research, data and events. The company’s leading role in the marketplace, as the acknowledged expert and voice of independence, makes Staffing Industry Analysts an exciting addition to Crain,” said Rance Crain, President, Crain Communications.
“I can’t imagine becoming part of a better organization than Crain Communications, a company that has been responsible for information and data in so many industries for such a long time,” said Ron Mester, President & CEO, Staffing Industry Analysts. “We have watched the growth and change in the use of contingent labor over the last many years, and we believe the usage of contingent labor will continue to grow in the future. We are elated to be associated with the strong brand of Crain.”
Under the Crain umbrella, Staffing Industry Analysts will continue to produce its award-winning online content of research, data, and analysis for staffing companies and other buyers of contingent labor.
Staffing Industry Analysts will become a wholly owned property of Crain Communications and will maintain its presence in Los Altos, CA. It will retain its employees and management, with the exception of current chairman, Peter Yessne. Ron Mester will continue to lead the organization.