Faber Connect announced it acquired Edmonton-based Prime Staffing in June, with the construction staffing company immediately showing a 70 per cent reduction in operating costs following the transaction, according to the Vancouver-based technology company.
The acquisition allows Faber to access Alberta’s construction labour market through Prime Staffing’s network of more than 12,000 skilled tradespeople, according to the company. Founded in 1978, Prime Staffing has placed workers with businesses across Alberta.
Technology replaces traditional operations
Faber eliminated Prime Staffing’s physical branches and paper timesheets by running staffing operations through its software platform, according to the company. All Prime staff and customers now use Faber’s software to connect construction companies with skilled trades workers.
“By combining our innovative platform with Prime Staffing’s market expertise, this acquisition not only proves that our model works – it also showcases how our software can power the entirety of an established, existing business at a fraction of the opex,” said Sebastian Jacob, chief executive officer and co-founder of Faber.
Former Prime manager joins Faber team
Matthias Friedel, formerly general manager of Prime Staffing, now serves as market manager of Edmonton for Faber. “Joining Faber has allowed us to modernize our approach and bring even greater value to clients,” Friedel said. “We began benefiting practically overnight, and more efficient processes created a more effective pathway for tradespeople and companies to connect.”
Expansion plans across Canada
The company plans to expand into new Canadian markets over the next 12 months, according to John Reid, chief revenue officer and co-founder of Faber. “Our growing customer base is providing the foundation we need to accelerate expansion into new markets, and create long-term value for our investors and customers alike,” Reid said.
Faber Connect, founded in 2018, operates a technology platform that connects construction companies with skilled trades workers. The company said the acquisition demonstrates its ability to integrate traditional and technology-driven staffing models in the construction sector.
