Dabur's promoter family member Gaurav Burman-led Atlas Acquisition today said it would acquire US-based staffing and employment services company Koosharem Corporation for $840 million (around Rs 3,900 crore) and merge with itself. Atlas Acquisition is a special purpose acquisition company floated by Burman for acquiring operating businesses. The merged entity would be called Select Staffing, the company said in a statement.
“We believe that Atlas’ cash coupled with Select Staffing’s business gives Atlas shareholders an ideal platform for future value creation,”Atlas Acquisition Holdings Corp President Gaurav Burman said.
The company said that after the completion of the merger, Select Staffing's management team will remain in place with D Stephen Sorensen serving as Chairman and CEO, Paul J Sorensen as President, and Jeff Mitchell as CFO.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app