Metavesco Acquires Key Assets from Epic Labor to Expand into $200 Billion Staffing Industry
TL;DR
Metavesco, Inc. acquires key assets from Epic Labor, Inc. to expand its holdings and drive long-term growth.
Metavesco, Inc. has acquired customer contracts, tangible assets, and operating assets from Epic Labor, Inc. d/b/a laborSMART, and assumes certain liabilities for ongoing operations.
Metavesco's acquisition of Epic Labor, Inc. assets will contribute to the staffing industry, providing resilient, long-term growth opportunities and creating new jobs.
Metavesco, Inc. diversifies its holdings by acquiring assets from Epic Labor, Inc., expanding its market reach and investment opportunities.
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Metavesco, Inc. has completed the acquisition of key assets from Epic Labor, Inc., a Georgia-based provider of on-demand temporary staffing solutions, marking a significant expansion into the substantial staffing services sector. The transaction, finalized on September 27, 2024, includes customer contracts, tangible assets, and operating assets from the Nashville and Knoxville, Tennessee branch offices previously operating under the laborSMART brand. These acquired operations will now be rebranded under the Epic Labor trademark owned by Metavesco through its newly created wholly owned subsidiary Epic Labor, Inc.
This acquisition represents a strategic move for Metavesco to diversify its holdings and invest in industries demonstrating resilient, long-term growth potential. CEO Ryan Schadel emphasized the significance of entering the staffing industry, which generates over $200 billion in annual revenue in the United States alone. The company's commitment to building the Epic Labor brand publicly signals confidence in the staffing sector's stability and growth prospects amid evolving economic conditions.
The transaction structure involves Metavesco assuming certain liabilities necessary for ongoing business operations, ensuring continuity for existing customers and employees. This approach demonstrates the company's focus on maintaining operational stability while expanding its portfolio across multiple sectors, including bitcoin mining, consumer packaged goods, and now staffing services. More information about the company's financial filings and market performance can be found at https://www.otcmarkets.com.
This acquisition aligns with Metavesco's broader strategy of acquiring and managing assets across both digital and traditional business sectors, positioning the company to benefit from diversified revenue streams and market opportunities. The staffing industry's essential role in supporting business operations across various economic cycles makes this investment particularly strategic for long-term growth objectives.
Curated from NewMediaWire
