Ex-CEO fired as staffing firm merger turns ugly
By Henry Dubroff / Friday, February 20th, 2015 / Latest news, Top Stories / Comments Off on Ex-CEO fired as staffing firm merger turns ugly
Just one week after the Feb. 9 closing of the Select-EmployBridge merger, Sorensen was ousted amid allegations that he improperly transferred $2.7 million to an entity he controlled.
Read More →Board says it ousted Sorensen from Select Staffing
By Staff Report / Tuesday, February 17th, 2015 / Latest news, Top Stories / Comments Off on Board says it ousted Sorensen from Select Staffing
D. Stephen Sorensen, who steered the fortunes of Santa Barbara-based Select Staffing through explosive growth, bankruptcy and a merger that closed on Feb. 9, has been terminated for cause.
Read More →Select merger will shift HQ to Atlanta
By Erika Martin / Friday, January 9th, 2015 / Latest news, South Coast, Top Stories, Tri-County Economy / Comments Off on Select merger will shift HQ to Atlanta
One of the 10 largest staffing firms in the nation, the Santa Barbara-based Select Family of Staffing Cos., announced Jan. 5 it plans to merge with EmployBridge, a staffing company based in Atlanta.
Read More →Select Staffing HQ moves to Atlanta amid ownership shuffle
By Staff Report / Monday, January 5th, 2015 / Latest news, Top Stories / Comments Off on Select Staffing HQ moves to Atlanta amid ownership shuffle
The merger comes less than a year after Select restructured itself after declaring Chapter 11 bankruptcy and will permanently relocate the national company’s headquarters from Santa Barbara to Atlanta.
Read More →Select Staffing to shed debt, relinquish family control in Ch. 11
By Henry Dubroff / Friday, April 4th, 2014 / Banking & Finance, South Coast, Top Stories, Tri-County Economy / Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11
The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.
Read More →Business lessons learned from region’s largest corporate bankruptcy
By Henry Dubroff / Friday, April 4th, 2014 / Columns, Opinion / Comments Off on Business lessons learned from region’s largest corporate bankruptcy
At least in terms of revenue, Select is the largest company in the history of the Tri-Counties to seek Chapter 11 protection from creditors.
Read More →Updated: Select Staffing files pre-packaged Ch. 11 bankruptcy
By Staff Report / Tuesday, April 1st, 2014 / Banking & Finance, South Coast, Top Stories / 1 Comment
The Select Staffing Family of Companies, the Santa Barbara-based staffing services giant, filed a pre-packaged Chapter 11 bankruptcy on April 1 listing between $50 million and $100 million in debts and $100 million to $500 million in assets.
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