Lyneer Staffing Solutions (“Lyneer”) has acquired Anchor Staffing, Inc. (“Anchor”) based in Hanover, Maryland. Financial terms were not disclosed.
Lyneer is a nationally recognized, strategic staffing firm servicing the commercial, financial, information technology, direct placement and managed service provider (MSP) verticals. In February 2018, Lyneer received an investment from Palm Beach Capital Fund IV, L.P. through one of its investment entities. Lyneer stands as one of the prominent staffing firms in the industry placing over 50,000 new jobs each year servicing more than 1,600 customers across a variety of verticals.
Anchor is a mid-Atlantic regional staffing firm that specializes in commercial and information technology staffing. Their talented leadership group has over 35 years of combined staffing experience within the region.
Todd McNulty, Chief Executive Officer and Co-Founder, stated “We are excited to have Anchor Staffing become part of the Lyneer family and increasing our national growth and service capabilities throughout the Mid-Atlantic region.” Jim Radvany, Chief Financial Officer and Co-Founder, add, “This was an excellent opportunity for us to acquire a company with an experienced team that shares the same core values of Lyneer.”
Roger Needham, CEO of Anchor Staffing, stated, “We are excited to be part of the Lyneer team. This is a great opportunity to reach more customers and create even more opportunity for our employees.”