David Hartley Will Lead Strategic Acquisitions, Focus on Growth Initiatives
Cory Smith, CFO
Investor Relations Contact:
HireQuest, Inc. (Nasdaq: HQI), a national provider of back-office and operational support for franchised operators of on-demand and temporary staffing service providers, today announced the hiring of David Hartley as Director of Corporate Development.
In this newly created role, Mr. Hartley will source, evaluate, and execute on acquisition opportunities; collaborate with senior management on corporate strategy and growth initiatives; and assist the finance team on strategic objectives.
“We are excited David has joined the team,” commented Rick Hermanns, HireQuest’s President and Chief Executive Officer. “He has the right mix of skills and experience to lead our growth initiatives, whether that be through strategic acquisitions, incentivized organic growth, or otherwise. As the company continues to generate profitable results even during these trying economic times, our eye is on the future, and we are committed to accelerating growth. The pandemic has increased the number of organic and inorganic growth opportunities, and we’re confident David is the guy to help us capitalize on them.”
About David Hartley
David Hartley is the Director of Corporate Development for HireQuest, Inc. Prior to joining the company, David spent nearly a decade in investment banking, most recently as a Vice President at D.A. Davidson Companies. He worked intimately on the 2019 merger between HireQuest and Command Center.
Prior to his time as an investment banker, David was a Senior Corporate Development Specialist for a medical device company and a Business Analyst for an insurance group. David graduated with an MBA from the New York University Leonard N. Stern School of Business. He obtained his B.A. from the Johns Hopkins University.
Mr. Hartley commented, “As part of Command Center’s investment banking team working on last year’s merger, I saw first-hand the value added by HireQuest’s franchise model in facilitating the deal. The company’s strong balance sheet and cash generation should ensure that we can move quickly as acquisition opportunities arise or deploy funds to incentivize growth in other ways. I’m energized by the goal of executing HireQuest’s growth strategy and ready to get to work.”
HireQuest, Inc. is a nationwide franchisor that provides on demand labor solutions primarily in the light industrial and blue-collar segments of the staffing industry for HireQuest Direct and HireQuest franchised offices across the United States. Through its national network of approximately 136 franchisee-owned offices in 30 states and the District of Columbia, HireQuest provides employment for approximately 80,000 individuals annually that work for thousands of customers in numerous industries including construction, light industrial, manufacturing, hospitality, and event services. For more information, visit www.hirequest.com.
Important Cautions Regarding Forward-Looking Statements
This release contains certain forward-looking statements which reflect management’s expectations regarding future events and operating performance and speaks only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. The factors that could cause actual results to differ materially from our expectations are detailed in the Company’s filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K. The Company undertakes no obligations to update such forward-looking statements, except as may otherwise be required by law.