Augusta-based staffing and recruiting firm MAU Workforce Solutions on Wednesday announced it plans to acquire FutureStaff, a Newnan, Ga.-based personnel firm with three metro Atlanta area offices.
The deal – scheduled to close May 1 – would create a combined entity with 11 offices, 265 full time employees and annual revenues exceeding $315 million.
Both MAU and FutureStaff are family-owned private companies, and financial terms of the sale were not disclosed. But MAU President Randall W. Hatcher said in a pre-announcement interview with The Augusta Chronicle on Tuesday that the deal was primarily motivated by his company’s “purposeful plan” to expand its Atlanta presence.
“If you’re going to be a company of choice in this region, you have to be in Atlanta,” Hatcher said. “That was part of why it really fit the bill for us.”
MAU already has clients in Atlanta, but it’s closest office to that metro area is nearly 70 miles away in LaGrange, Ga. FutureStaff has offices in Conyers, Newnan and inside the Pinewood Studios Atlanta complex near Peachtree City. The prospect of having a foothold in the state’s booming film industry – the third-largest in the U.S. after California and New York – was particularly attractive, Hatcher said.
“It’s possible someday we could overtake New York,” he said. “We weren’t even on the map 15 years ago, which is pretty incredible.”
Hatcher said he started negotiations with FutureStaff President Lee Whetstone last year. The company was founded by Whetstone’s mother-in-law in 1982. Whetstone will remain with the merged organization in a business development role, Hatcher said.
Whetstone said in an MAU-issued statement that the acquiring company was a “perfect match” from a corporate culture standpoint.
“Their commitment to driving improvements in safety, quality, efficiency and cost savings through their lean systems and outsourcing offerings are making their clients more competitive,” he said. “Most importantly, they care about people.”
MAU, known for having faith-based guiding principals, similar to companies such as Chick-fil-A and Hobby Lobby, is one of the largest independently owned staffing firms in the nation. It was founded in 1973 by Hatcher’s father, William G. Hatcher Sr., who died in 2013.
MAU’s growth has primarily been organic – it’s last acquisition was in the mid-1980s – but Hatcher said the company is interested in purchasing additional firms that mesh with MAU’s values.
“We’re not looking to grow just to grow; we want to grow smart,” Hatcher said. “We have a unique culture at MAU that influences a lot of our decisions, and that’s just not the right fit for everybody.”
The company provides staffing, direct-hire, recruitment and outsourcing services to clients in four states, as well as 48 countries through its worldwide recruiting partners. It has been acquiring real estate along Ellis Street near its headquarters at 501 Greene St. in downtown Augusta in recent months to accommodate additional employee and customer parking.
”We’re really preparing for the growth of the company,” Hatcher said. “We’re preparing for the future.”
Reach Damon Cline at (706) 823-3352 or firstname.lastname@example.org