Today Atlanta, GA based CorTech International has acquired the assets of VForce Staffing Solutions with their headquarters located in Folsom, CA.
VForce is an industrial and clerical staffing solution provider with 13 offices in the USA. VForce has 11 offices in CA, 1 in Texas and 1 in Florida. VForce management will stay on board to run the operation for CorTech. Ron Wolcott, the current VForce President will stay on board to run the current operations, as well as Brad Brosaltis, VP of Operations and Todd Zemlock, VP of Sales. The VForce operations will fall under Ben Rosencrants, President of CorTech Brands umbrella.
“We are excited to add V-Force to our organization as it fills out additional retail staffing locations in the west for CorTech. The V-Force locations in the high demand California market will provide CorTech with large opportunities as well as be able to support current clients in the new locations will be a great opportunity for us. We are excited to add the talent of V-Force management to the team as they will definitely provide value to our current management team.” Stated Vincent Rossy – CEO CorTech
“We are very excited about the opportunity to grow our current local markets and better support our MSP clients in California, Florida, and Texas. Mike and Ron have built an extremely talented team, and we are looking forward to the ongoing synergies and opportunities, which will be created in the coming months and years.” Stated Ben Rosencrants – CorTech President of CorTech Brands
“After 4 years of strong growth at VForce, I felt like it was time to find the right owner to enable this incredible staff to take it to the next level. Vin and the CorTech team are a great match culturally and also bring new tools and talent that will allow VForce to continue to thrive. I couldn’t be happier with the team and clients.” Stated Mike DiManno, V-Force CEO
“Looking forward being part of the CorTech family and this is a fantastic opportunity for Vforce to grow.” Stated Ron Wolcott, V-Force President
The combined operations will on a proforma basis leaps CorTech’s 2018 sales to 252 million and 260 Million with proforma EBITDA between 14.5 million and 15.3 Million. CorTech will have 6300 billing associates with 750 +- Clients billed for 2018.
For more information, please contact me.
I have 29 years of experience as an owner of multiple California based staffing companies, workers compensation TPA owner, and PEO consultant for Temporary Staffing clients.