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Xenspire Group Acquires OneSource Professional Search, Signaling Strategic Shift in Staffing Industry

Curated News for the HR Professional September 16, 2024
By HRMarketer News Staff
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Xenspire Group Acquires OneSource Professional Search, Signaling Strategic Shift in Staffing Industry

Summary

The acquisition of OneSource Professional Search by Xenspire Group marks a significant consolidation in the staffing industry, combining sector-specific expertise with advanced AI technology to enhance talent acquisition services.

Full Article

The staffing industry witnesses a strategic consolidation as Xenspire Group Inc. acquires OneSource Professional Search, LLC, a move facilitated by Benchmark International. This acquisition underscores the evolving dynamics of the staffing sector, where technological innovation and specialized industry knowledge converge to redefine talent acquisition and placement services.

OneSource Professional Search, based in Mandeville, LA, has carved a niche in the technical and financial staffing domain, offering a spectrum of services from direct hire to temp-to-hire placements across engineering, geoscience, accounting, and finance sectors. Its expertise, particularly in the oil and gas industry, alongside diversification into manufacturing and civil infrastructure, positions it as a valuable asset for Xenspire Group.

Xenspire Group, renowned for its AI-driven talent acquisition strategies, leverages a global talent pool exceeding 1.2 billion profiles. This acquisition enables Xenspire to integrate OneSource's sector-specific insights with its technological capabilities, promising enhanced service offerings for clients across various industries.

Nick Woodyard of Benchmark International highlighted the collaborative effort behind the transaction, emphasizing the potential for OneSource under Xenspire's stewardship. Benchmark International's role in this deal further cements its reputation in the M&A landscape, having managed transactions worth over $11 billion.

This acquisition reflects broader trends in the staffing industry, where consolidation and technological integration are driving efficiency and expanding service capabilities. For stakeholders, from job seekers to employers, this evolution signifies access to more sophisticated matching tools and a broader array of opportunities.

The merger of OneSource Professional Search and Xenspire Group exemplifies the strategic moves shaping the future of staffing, blending deep industry knowledge with cutting-edge technology to meet the complex demands of talent acquisition today.

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