Futuris Company Acquires Majority Stakes in Fourth Technologies (Fortek) and Soft2001
September 9, 2020
Futuris Company signed definitive agreements to acquire majority ownership in two Cherry Hill, New Jersey-based staffing firms, Fourth Technologies, Inc. (Fortek) and Soft2001, Inc. The two companies together generate roughly $7.25 million in annual revenue and the deals are intended to expand Futuris's HCM/staffing platform in the Northeast U.S.; both transactions were expected to close in September 2020.
- Buyers
- Futuris Company
- Targets
- Fourth Technologies, Inc. (Fortek), Soft2001, Inc.
- Industry
- Staffing & HR
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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