Corporate Resource Services Appoints Carl Marks Advisors For Credit Facility Refinance

By December 19, 2014October 29th, 2018Press Release

December 18, 2014 05:12 PM Eastern Standard Time

NEW YORK–(BUSINESS WIRE)–Corporate Resource Services, Inc. (NASDAQ:CRRS) today announced that it has retained the investment banking firm, Carl Marks Advisors, to advise the Company on refinancing its current credit facility.

“We have announced strong sales results in our staffing divisions for 2014, and as our revenues continue to grow, the refinancing of our credit facility will further strengthen our balance sheet”

Corporate Resource Services, Inc. is a diversified technology staffing, recruiting, and consulting services firm serving clients across a wide spectrum of vertical industries in the United States and the United Kingdom. It offers trained employees to clients in the insurance, accounting, science, healthcare, creative services, hospitality, retail, and light industrial sectors.

“We have announced strong sales results in our staffing divisions for 2014, and as our revenues continue to grow, the refinancing of our credit facility will further strengthen our balance sheet,” said John P. Messina, Chief Executive Officer of Corporate Resource Services. “Carl Marks Advisors will be a trusted advisor to the company through this process.”

“We are pleased to support Corporate Resource Services in securing a new credit facility that will put the Company in a strong financial position and enables continued investment in the business and growth strategies,” said Charles Boguslaski, a Managing Director at Carl Marks Advisors.

About Corporate Resource Services, Inc.

Corporate Resource Services, Inc. provides cloud-based enterprise applications and hosting services to PEO and staffing companies, as well as diversified staffing, recruiting, and consulting services. The Company offers trained employees in the areas of Insurance, Information Technology, Accounting, Legal, Engineering, Science, Healthcare, Life Sciences, Creative Services, Hospitality, Retail, General Business and Light Industrial work. The company’s blended staffing solutions are tailored to our customers’ needs and can include customized employee pre-training and testing, on-site facilities management, vendor management, risk assessment and management, market analyses and productivity/occupational engineering studies.

The Company operates approximately 250 staffing and on-site facilities throughout the United States and the United Kingdom and it offers its services to a wide variety of clients in many industries, ranging from sole proprietorships to Fortune 1000 companies. To learn more, visit http://www.crsco.com.

About Carl Marks Advisors

Carl Marks Advisory Group LLC (Carl Marks Advisors), a New York-based consulting and investment banking advisory firm serving middle-market companies, provides an array of financial and operational services, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management.

Securities are offered through Carl Marks Securities LLC, member FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarksadvisors.com.

Contacts

Media Contact for Carl Marks Advisors:
Stanton PR & Marketing
Katrin Lieberwirth, 646-502-3548
KLieberwirth@Stantonprm.com
or
Contact for CRS:
Makovsky
John McInerney, 212-508-9628
jmcinerney@makovsky.com