Flessner & Associates Acquires AWS Assets for MyTown Employment Solutions
Acquirer: Flessner and Associates
Target Company: Akins Workforce Solutions ("AWS")
Operating Company: MyTown Employment Solutions (Clearwater)
Summary: Flessner and Associates has acquired the assets of AWS, a construction staffing agency located in Clearwater, Florida. The assets, valued at an estimated $485,000, were integrated into its operating company, MyTown Employment Solutions. This asset acquisition took place in June 2024 and establishes MyTown's service offerings in the greater Tampa area.
Rationale: Strategic move by Flessner and Associates:
- Establish MyTown in the Tampa region.
- Diversify MyTown's services into skilled construction tradesmen.
- Human capital acquisition to enhance the skills of our business operations.
- Create operational and cross-selling synergies within MyTown.
Expected Benefits for MyTown:
- Increased revenue and profitability through the construction sector.
- Broader service capabilities and access to a specialized pool of construction candidates.
- Improved operational efficiency in serving the construction industry.
- Stronger market leadership in Florida's diverse staffing landscape.
Management Quote: “The acquisition of Akins Workforce Solutions is a significant step in the growth of MyTown Employment Solutions. AWS’s expertise in construction staffing complements our existing strengths and allows us to tap into a vital sector of the Florida economy. We are excited to be part of the MyTown Employment Solutions family, and we are confident that this integration will create substantial value for our clients and candidates statewide.” - Kim Ellison, General Manager, MyTown Employment Solutions
