Metavesco, Inc. Expands into Staffing Industry with Acquisition of Epic Labor, Inc. Assets

Metavesco, Inc. (OTC PINK:MVCO) has strategically expanded its holdings by acquiring significant assets from Epic Labor, Inc., a Georgia-based provider of on-demand temporary staffing solutions. This acquisition, finalized on September 27, 2024, through Metavesco's newly formed subsidiary, Epic Labor, Inc., includes customer contracts, tangible assets, and operational assets from Epic Labor's Nashville and Knoxville branches, previously known as laborSMART. These branches will now operate under the Epic Labor trademark owned by Metavesco.

Ryan Schadel, CEO of Metavesco, highlighted the acquisition as a pivotal step in the company's strategy to diversify into industries offering resilient, long-term growth. The staffing industry, with its $200 billion annual revenue in the U.S., presents a lucrative opportunity for Metavesco to capitalize on the increasing demand for flexible workforce solutions. The company's approach to 'Building in Public' underscores its commitment to transparency and stakeholder engagement as it develops its staffing business.

This move not only diversifies Metavesco's portfolio, which includes bitcoin mining and consumer packaged goods, but also positions the company to leverage the staffing industry's stability and growth potential. By assuming certain liabilities essential for the acquired business's operations, Metavesco ensures service continuity for existing clients while laying the groundwork for expansion.

The acquisition reflects a broader trend of holding companies diversifying across sectors to balance risk and seize market opportunities. Metavesco's entry into the staffing industry, coupled with its existing ventures, may enhance its market stability and growth prospects. The company's ambition to innovate within the staffing space, as suggested by Schadel's vision to 'build something amazing' with the Epic Labor brand, could introduce new efficiencies and technologies to traditional staffing models.

As businesses increasingly seek flexible staffing solutions, Metavesco's strategic acquisition of Epic Labor, Inc. assets positions it to meet this demand effectively. The industry will be watching closely to see how Metavesco integrates these assets and whether its diverse experience can bring innovative solutions to the staffing sector.