ATLANTA, GEORGIA (October 2007) - On October 3, 2007, Select Staffing announced the completion of the acquisition of the stock of Tandem Staffing Solutions, Inc., a leading provider of temporary staffing services to the light industrial and clerical sectors of the U.S. staffing industry. Tandem Staffing Solutions is the company formed as a result of the December 2001 acquisition of the assets of Outsource International by Cerberus Outsource SPV LLC, an affiliate of Cerberus Capital Management, L.P. The sale to Select Staffing represented the opportunity for Cerberus to monetize its investment in Tandem and realize a substantial gain on investment.

The acquisition of Tandem allows Select Staffing to expand its geographic market coverage in the U.S., gain new client relationships, and acquire new management talent critical to continuation of the company’s rapid growth.

Navigant Capital Advisors, LLC acted as exclusive financial advisor to Select Staffing on the transaction.

Select Staffing, privately-owned under the control and direction of Chief Executive Officer D. Stephen  Sorensen, is one of the 10 largest temporary staffing firms in the industry, with annual revenues in excess of $1.5 billion, more than 300 offices located throughout the U.S., and over 10,000 customers. Select Staffing is a leading competitor in the industrial, clerical and administrative, financial and accounting, and information technology sectors of the temporary staffing industry. Select Staffing has grown rapidly via acquisition, having acquired businesses generating annual revenues in excess of $800 million during the last 18 months alone. The company has a strong track record of acquiring strategic assets and businesses and assimilating office networks and management talent to produce industry-leading growth and profitability.

NCA identified Tandem Staffing Solutions as an attractive acquisition opportunity for its buy-side client, Select Staffing, serving as Select’s exclusive financial advisor to: evaluate the acquisition from a strategic and financial perspective; represent the company in the bidding process; manage the due diligence process; and negotiate the terms of the transaction. By identifying Select Staffing as the ideal strategic buyer, NCA was able to arrange a transaction that met the objectives of the seller, allowing its client to acquire a business which will be immediately accretive to the company’s relative profitability.