ManpowerGroup acquired Jefferson Wells International, Inc. for approximately $174 million, a transaction announced in April 2001, structured as all cash, financed through existing credit facilities.
Jefferson Wells International, Inc. operates in Professional services (finance, accounting, internal audit, technology and tax). Jefferson Wells International was a Wisconsin-based professional services provider of internal audit, accounting, technology and tax services, operating a network of offices throughout the United States and Canada. The acquisition, disclosed in ManpowerGroup's Q1 2001 Form 10-Q, moved Manpower into higher-value professional services beyond its core staffing business.
Manpower signed a definitive agreement in April 2001 to acquire Jefferson Wells, a professional services provider, and planned to finance the acquisition using its existing credit facilities.
Advisory firms were not disclosed for this transaction.