RealTime IT News

TMP Worldwide Makes Five Acquisitions

TMP Worldwide in New York City, operator of the Monster Board and other job recruitment sites, acquired the yellow page advertising unit of Earle Palmer Brown.

And the company continued to consolidate the recruitment advertising industry with the acquisition of four international recruitment advertising agencies including Media Partners of New Zealand, Lorraine Jones & Associates Limited of the United Kingdom, Thirty Dogs, S.A. of France, and De Bussy B.V. of the Netherlands.

The five acquisitions are expected to add approximately $6.0 million in annualized commissions and fees for TMP. Financial terms of the deals were not disclosed.

"Each of these acquisitions is significant in its own right and together they represent the company's overriding goal of expanding our worldwide infrastructure and leading the industries in which we do business," said Andrew J. McKelvey, chairman and CEO of TMP Worldwide.

Currently, approximately 30% of all national yellow page advertising is placed through TMP, the company claims. Earle Palmer Brown Yellow Pages, based in Philadelphia, has 11 employees and clients that include Dollar Rent-A-Car Systems and Integrated Health Services.

TMP has been actively expanding its worldwide recruitment advertising infrastructure as well, making 11 acquisitions, including the four announced today, in the past 12 months.

TMP Worldwide has more than 2,800 employees in 11 countries. The company's Internet offerings include The Monster Board, Online Career Center (OCC), the Internet's earliest career site; MedSearch, an online "help wanted" service for the health care industry; and Be the Boss, a provider of information on franchise opportunities.