Metavesco Expands into Staffing Industry with Acquisition of Epic Labor Assets

Metavesco, Inc. (OTC PINK:MVCO), a diversified investment holding company, has announced its acquisition of significant assets from Epic Labor, Inc., a Georgia-based provider of on-demand temporary staffing solutions. This move marks Metavesco's strategic entry into the lucrative staffing industry, which generates over $200 billion in annual revenue in the United States alone.

The acquisition, completed on September 27, 2024, involves Metavesco's newly created wholly-owned subsidiary, Epic Labor, Inc., taking over customer contracts, tangible assets, and the operating assets of Epic Labor's Nashville and Knoxville, Tennessee branch offices. These offices, previously operating under the laborSMART brand, will be rebranded under the Epic Labor trademark, now owned by Metavesco.

This strategic acquisition aligns with Metavesco's vision of diversifying its holdings and investing in industries with potential for long-term growth. The staffing industry, known for its resilience and consistent demand, presents a significant opportunity for Metavesco to expand its market presence and revenue streams.

Ryan Schadel, CEO of Metavesco, expressed enthusiasm about the acquisition, stating, "I am thrilled to finally have this acquisition completed. We are going to build something amazing with the Epic Labor brand and we are going to Build in Public." This statement suggests a commitment to transparency and innovation as Metavesco integrates and grows its new staffing division.

The move into the staffing industry represents a significant diversification for Metavesco, which has interests in various sectors including bitcoin mining and consumer packaged goods. By adding staffing services to its portfolio, Metavesco is positioning itself to capitalize on the ongoing demand for flexible workforce solutions across various industries.

This acquisition could have far-reaching implications for Metavesco's growth trajectory. The staffing industry is known for its cyclical nature, often serving as an early indicator of broader economic trends. By establishing a presence in this sector, Metavesco may gain valuable insights into labor market dynamics and economic shifts, potentially informing its strategy across other business segments.

For the staffing industry, Metavesco's entry could signal increased competition and potentially new approaches to temporary staffing solutions. The company's background in technology and diverse investments might lead to innovative practices in workforce management and placement services.

Investors and industry observers will likely be watching closely to see how Metavesco leverages this acquisition to drive growth and whether it leads to further expansions or acquisitions in the staffing sector. The success of this venture could also influence other companies' strategies regarding diversification and entry into the staffing market.

As Metavesco integrates these new assets and rebrands the acquired offices, the impact on local job markets in Nashville and Knoxville may be significant. Depending on Metavesco's approach, this could lead to expanded opportunities for job seekers and potentially new services for businesses seeking temporary staffing solutions in these areas.

The acquisition also underscores the ongoing trend of consolidation and diversification in the business world, as companies seek to build resilience through varied revenue streams and market presence. Metavesco's move into staffing while maintaining interests in technology-driven sectors like bitcoin mining demonstrates a strategy of balancing traditional industries with emerging markets.

As the company moves forward with this acquisition, the staffing industry and Metavesco's stakeholders will be keen to observe how this new venture unfolds and what innovations or changes it might bring to the temporary staffing landscape.