HireQuest, Inc. (NasdaqCM:HQI) is looking for M&A. Chief Executive Officer, Rick Hermanns said during the First Quarter 2024 Earnings Call, "And as we progress through 2024, we believe that we are well positioned to continue mitigating the impact of workers' compensation on our business as these numbers return to normalized levels. M&A remains a key part of our business as well. Our strategy around M&A is to identify accretive acquisitions that allow us to expand and strengthen our diverse group of staffing offerings while simultaneously keeping our debt leverage low and maintaining a strong balance sheet".
HireQuest, Inc. is a franchisor of offices providing direct-dispatch executive search, commercial staffing, and permanent placement solutions. The Company, through its franchisees, provides various types of services through multiple business models under the trade names HireQuest Direct, Snelling, HireQuest, DriverQuest, HireQuest Health, Northbound Executive Search, Management Recruiters International (MRI). HireQuest Direct focuses on daily work/daily-pay jobs primarily for construction and light industrial customers. Snelling and HireQuest focus on longer-term staffing positions in the light industrial and administrative arenas. DriverQuest specializes in both commercial and non-CDL drivers serving a variety of industries and applications. HireQuest Health specializes in skilled personnel in the healthcare and dental industries. Northbound and MRI focus on executive, managerial, and professional recruitment services, although they also offer short-term consultant services.