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Exegistics Acquires the Memphis Staffing Operations of Versant Supply Chain
Exegistics applies an innovation process that allows its operations teams to partner with customers to unlock the hidden ideas that lead to breakthrough performance improvements.
FREMONT, CA: Exegistics, a veteran-owned third-party logistics (3PL) and supply chain innovator, acquired Memphis staffing operation of Versant Supply Chain. From general labor and skilled workers to clerical and management, Versant Supply Chain's staffing operation has proven recruiting, screening, and testing processes to identify top talent.
"This acquisition represents a rare opportunity to invest in an established staffing leader and one that aligns so well with our culture," said Exegistics Founder and CEO Stephen Olds. "We have great respect for the Memphis-based team and look forward to bringing additional resources to improve staffing even more, while continuing to serve high-growth customers with excellence. One way we are following through on that is by ensuring that we create a workplace where veterans can excel. It is part of our mission and central to who we are as a veteran-owned company."
Exegistics was founded in 2008 and has integrated technology into each of its core offerings. Leveraging seamless cloud-based solutions, customers have access to their warehousing, distribution, transportation, and operational staffing information from anywhere in the world. Also, Exegistics applies an innovation process that allows its operations teams to partner with customers to unlock the hidden ideas that lead to breakthrough performance improvements.
"The culture and management team at Exegistics align well with our staffing team at Versant Supply Chain in Memphis," said Diana Herold, President of Versant Supply Chain. "We know Exegistics will take care of our customers and our team because they live their values and they follow through on their commitment to creating pathways and opportunities to improve personally and professionally. We look forward to contributing our knowledge and experience to the team."
The Memphis staffing operation of Versant Supply Chain will operate as Exegistics Resource Solutions and work with clients ranging from pharmaceutical, healthcare, and government agencies to manufacturing and global retailers to develop custom staffing solutions.
With the acquisition, Exegistics has 39 U.S. locations and over 500 employees. The company was recently named to the Inc. 5000 list of fastest-growing companies for the fourth consecutive year and earned a spot on the inaugural Vet 50 list of fastest-growing veteran-owned companies in 2017.