Metavesco Expands into Staffing Industry with Acquisition of Epic Labor Assets

In a significant move that marks its entry into the staffing industry, Metavesco, Inc. (OTC PINK:MVCO) has announced the acquisition of key assets from Epic Labor, Inc., a Georgia-based provider of on-demand temporary staffing solutions. The transaction, completed on September 27, 2024, positions Metavesco to tap into the lucrative $200 billion annual revenue generated by the U.S. staffing industry.

Through its newly created wholly-owned subsidiary, also named Epic Labor, Inc., Metavesco has acquired customer contracts, tangible assets, and the operating assets of Epic Labor's Nashville and Knoxville, Tennessee branch offices. These offices, previously operating under the laborSMART brand, will be rebranded under the Epic Labor trademark, now owned by Metavesco.

Ryan Schadel, CEO of Metavesco, expressed enthusiasm about the acquisition, stating, "I am thrilled to finally have this acquisition completed. The staffing industry generates over $200 billion in revenue per year in the US alone. This acquisition aligns perfectly with our strategic vision of diversifying our holdings and investing in industries that provide resilient, long-term growth." Schadel also hinted at ambitious plans for the Epic Labor brand, adding, "We are going to build something amazing with the Epic Labor brand and we are going to Build in Public."

This acquisition is particularly noteworthy for human resources professionals and business leaders, as it signals Metavesco's confidence in the staffing industry's potential for growth and innovation. The move could potentially lead to enhanced temporary staffing solutions and new approaches to on-demand labor, which are increasingly important in today's dynamic job market.

For the HR industry, this development may indicate a trend towards consolidation and technological advancement in staffing services. As companies like Metavesco enter the market with fresh perspectives and potentially new technologies, HR professionals may soon have access to more sophisticated tools and services for managing temporary workforces.

Metavesco, known for its diverse investment portfolio including bitcoin mining and consumer packaged goods, is now poised to make a significant impact in the staffing services sector. This diversification strategy could serve as a model for other companies looking to expand their reach and stabilize their revenue streams in an ever-changing economic landscape.

The acquisition also underscores the resilience and attractiveness of the staffing industry, even as the nature of work continues to evolve. With the gig economy and flexible work arrangements becoming more prevalent, companies that can efficiently connect businesses with temporary workers are likely to play an increasingly important role in the labor market.

As Metavesco integrates these new assets and begins to operate under the Epic Labor brand, industry observers will be watching closely to see how the company leverages its experience in technology and innovation to potentially disrupt traditional staffing models. The company's commitment to "Build in Public" suggests a level of transparency that could bring new insights to the industry and foster innovation.

For businesses that rely on temporary staffing solutions, this acquisition could lead to improved services and potentially more competitive pricing as Metavesco seeks to establish itself as a major player in the industry. HR professionals may want to keep an eye on Epic Labor's development, as it could offer new options for managing workforce fluctuations and specialized project staffing needs.

As the staffing industry continues to evolve, acquisitions like this one by Metavesco highlight the ongoing convergence of technology, traditional business models, and innovative approaches to workforce management. The success of this venture could set new benchmarks for how staffing services are delivered and consumed in the future, making it a development of significant interest to HR professionals and business leaders alike.