SIA Names Fastest Growing Staffing Firms in U.S.

 

MOUNTAIN VIEW — Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, announced the 2016 List of Fastest-Growing US Staffing Firms. This year 112 companies qualified for inclusion on the annual list, making the 2016 list the largest since its inception in 2005. The list ranks firms by compound annual growth rate (CAGR) from 2011 through 2015, excluding acquisitions. Loyal Source, who led last year’s lineup, topped the list again this year with a CAGR of 126.6%. The 2016 List of Fastest-Growing US Staffing Firms is sponsored by Bullhorn.

To qualify for the list companies needed to have had at least $1 million in revenue in 2011 and at least 15% CAGR between 2011 and 2015.  The median CAGR for the top ten companies this year was 72.6%. For the full list it was 30.3%, up 22.2% from last year.

Loyal Source of Orlando, FL was named fastest growing staffing firm with $147 million in revenues in 2015 and 126.6% growth from 2011-2015.

“To show this level of growth, not just in a single year but consistently over a five year period is impressive,” said Barry Asin, SIA President. “We look forward to seeing how these fast growing firms shape the future of staffing in the years ahead.”

The ten fastest-growing US staffing firms are:

Company

2015 US Staffing
Revenue ($millions)

CAGR 2011-2015

Loyal Source

147.0

126.6%

Dedicated Nursing Associates Inc.

20.0

111.5%

Healthcare IT Leaders LLC

33.2

105.0%

Phaidon International

15.0

76.6%

Health Carousel

56.9

76.0%

OnestaffMedical LLC

21.2

69.3%

Source4Teachers

150.0

67.6%

Specialist Staffing Group (US division of SThree plc)

243.0

66.3%

SearchPros Staffing

31.9

65.0%

HealthCare Scouts Inc.

19.0

63.3%

The large companies in excess of $300 million revenue making it on to the 2016 list include On Assignment, Insight Global, CHG Healthcare Services Inc., Integrity Staffing Solutions Inc., Nesco Resource and affiliates, Beacon Hill Staffing Group LLC, The Peoplelink Group, C&A Industries, Inc. (Aureus Medical) and Acro Service Corporation.

The state with the most companies on the list of fastest-growing staffing firms was Georgia with 12; it was followed by Californiaand Illinois at 10 each. Some 30% of firms on the list cited IT as their main staffing segment; 29% cited healthcare as their main staffing segment served.