TAC Worldwide Automotive Unit Acquires Staffing Assets of Troy Design; Purchase Continues Expansion of TAC's Footprint Within Auto Industry Sector
DETROIT--July 25, 2006--TAC's Automotive Unit, dedicated to exclusively serving the automotive industries in the U.S. and United Kingdom, has acquired the staffing assets of Troy Design, Inc. The acquisition of the 29 year-old Troy, Michigan based staffing firm provides TAC an extensive footprint at several Tier 1 Automotive clients including DaimlerChrysler and Delphi Corporation. The acquisition greatly expands TAC's IT and engineering staffing capabilities in Detroit's automotive industry.The technical staffing assets of Troy Design represent about two-thirds of its 2005 revenue. TAC Automotive acquired all the assets related to Troy Design's automotive industry staffing services. TAC also retained all customer facing employees, including recruiters and account executives. Troy Design will retain its spot buy and manufacturing staffing business clients.
"Troy Design is a well-established and well-respected company that will integrate seamlessly with TAC's Automotive Group," says James Cowper, senior vice president of TAC's Central Territory which includes TAC Automotive. "Among the many synergies are our shared clients in the automotive industry, as well as our reputations for providing highly skilled technical staffing and exceptional customer service. The clients and staff of both companies are looking forward to a bright and successful future."
This acquisition comes at a time when many domestic automakers are under pressure to reduce operating costs and streamline operations. In fact, many have reduced the number of their smaller preferred suppliers. TAC will integrate the Troy Design business into its current operations and existing infrastructure.
TAC Worldwide's Automotive Group supplies more than 1,500 technical employees weekly to automotive related companies. It has been a Ford Q1 supplier since 1995 and is ISO 9001:2000 certified. TAC has been ranked among the "Top 10 Staffing Firms" by Crain's Detroit Business and has been named one of the best places to work by that publication and ICI Consulting.
About TAC Worldwide
TAC Worldwide (TAC) is a leading provider of technical staffing services and customized workforce solutions. TAC's commitment to service excellence has led it to achieve trusted business partner status with clients from a wide range of industries, including many Fortune 1000 companies. TAC was founded in 1969 and is headquartered in Dedham, MA. TAC is a subsidiary of Crystal Staffing Ltd., the world's 6th largest staffing and workforce management solutions company. For more information please visit www.tacworldwide.com, call 800.822.7823 or email info@tacworldwide.com.