The company is headquartered at 123 E Baseline Rd Suite D201 Tempe, AZ with branches in San Bernardino, CA, Phoenix, AZ, Austin, TX and Maywood, CA.

LS is offering a full-service range of temporary and fulltime placements for light industrial staffing. They do virtually no direct hire but do have some temp to perm. The light industrial is primarily food processing (53%); manufacturing (23%); warehousing (9%); hospitality (5%); skilled trades (4%); packaging (3%); and administrative (3%).

For the trailing twelve-month period ending 3/31/21 the company had revenues of $25,095,561 with a gross profit of $3,481,265 (13.9%) and an adjusted EBITDA of $1,698,558 (6.8%) without keeping some of the Corporate staff support that would not be needed.

Some of the positions that the company provides employees for are machine operators, picker/packers, forklift, stackers, food handlers, skilled trades, and warehouse associates. All employees are W-2's and e-verified. The average length of assignment in Nevada and Texas is 120 days and in California it is 180 days with the average bill and pay rates of $20.45 and $15.34, respectively.

LS has a good management team led by the primary owner who is still active with the company with the role of President/OtO. Vince handles overseeing the operations in all locations. The company has three Branch Managers, and two Regional Managers (one in TX and one in CA), and three Account Managers, along with 10 other staffers listed elsewhere in this report.

LS has an excellent reputation in their marketplaces for honesty and integrity. They develop deep relationships with clients rather than just sending out bodies to fill positions. The one size fits all approach is not how they work. They understand that each client is unique, so they design an overall strategy that fits each client's specific need.

LS is looking to sell selected assets. More information on the company can be found at www.libertystaffingusa.com The company is currently sharing this domain with the buyer of the rlorida business through a hosting agreement.

They are currently migrating to www.libertystaffingUS.com

Reasons for Sale:

Some of the rounders are looking to cash in on their investment in the business. The President/CEO would like to retain some equity or go forward after taking some investment off the table. He would like to be a part of a bigger company who buys LS so he can help grow the business with their capital.

Trailing Twelve Month Financial Highlights

Trailing Twelve Month Revenue, EBITDA and Performance Highlights

  • LS's trailing twelve month revenue ending 3/31/21 was $25,095,561. The gross profit for this period was $3,481,265 which is 13.9% G/M. The adjusted EBITDA for the twelve month period was $1,698,558 or 6.8% of revenue not including some of the Corporate support staff that would not stay after a sale.

  • The company has good client diversity beyond the top client. The top client represents 35% of IM revenue ending 2/20/21 and along with nine other top ten clients represent 06.9% ot revenue. The top client has been with LS for five years and maintains excellent relationships with the Ls managers.

Revenue Trend/History

Revenue for the company with the Florida branch has been solid for the last four years. Since the Florida Branch was sold in June 2020 the below are annual revenues for 2016 thru 2019 for the larger company while the 2020 numbers exclude that revenues:

  • $28,373,657 in 2016

  • $55,499.510 in 2017

  • $44,956,390 in 2018

  • $43,855,247 in 2019

  • $23,967,435 in 2020

  • $25,095.561 TTM thru 3/31/21