How do I tell my staffing agency’s clients and temps it is being sold?
Tell people in a planned order: your recruiters and account managers first, then your key clients, then workers on assignment, timed against closing and ideally with the buyer present. Keep the message simple: who the buyer is, that pay and assignments continue as agreed, and who to call.
An agency lives on two groups who both need to feel safe: clients who rely on it to fill roles, and workers who rely on it for pay. News of a sale that reaches either group by rumour can send both looking elsewhere. A short, planned announcement protects the business you are selling and the people in it.
Staff first, before anyone outside
Your recruiters and account managers may be asked about the sale as soon as others hear of it. Tell them first, privately, and give them the key points. Decide who may speak to clients and workers, and what to say when they do not know an answer. Ask your lawyer whether any confidentiality terms in the sale limit what can be shared and when.
Key clients next, with the buyer
Your largest and longest-standing clients should hear from you personally, not by email. If the buyer is willing, introduce them together. Explain who they are, why they bought, and that the client’s contact and service stay the same. Invite questions and write down any concern about contract terms to pass on to the lawyers.
Workers on assignment
Workers want to know three things: will I be paid, on time, by the same process, and will my assignment continue. Say what you know and are able to promise. Whether employment continues, and on what terms, is a question for your lawyer. Never answer it in a hallway.
Timing against closing
Announce close enough to closing that the news does not sit and spread, but with enough time for the key conversations. Agree the plan, the wording and the dates with the buyer in writing. Follow up with the same message in writing, and keep the buyer and the seller reachable for questions during the first weeks.
Related reading
15 pages on the same subject, grouped by topic.
Selling
Buying
Due diligence
- GuideStaffing agency due diligence
- Expert answerHow do I check a staffing agency’s client concentration before buying?
- Expert answerWhy does a staffing agency’s roster of placed workers matter more than its client list?
- Expert answerHow do I check how a staffing agency collects from slow-paying clients?
Legal
Brokers
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 02Business Development Bank of CanadaGovernmentUnderstanding the options for selling your business
- 03ACSESS (Association of Canadian Search, Employment & Staffing Services)IndustryHome - ACSESS
- 04Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.