PHILADELPHIA - October 27, 2021 - (Newswire.com)
MWIDM, Inc. has announced they will be divesting a portion of their business to Pacer Staffing. MWIDM has been in business since 2013 based on a partnership between its owners. Chanel and Vinny have decided to split their partnership into two separate companies. Pacer Staffing, 100% owned by Vinny Dhillon, will be taking over half of the clients/customers as of November 1, 2021. All clients will be notified individually as to which company (MWIDM or Pacer) they have been aligned.
1. Outline of the Company Split:
Important Dates:
|
Approval Date of the agreement of the company split by the Owners of MWIDM Inc. |
October 15, 2021 |
|
Date of Execution of the company split Agreement |
October 22, 2021 |
|
Effective Date of the company split (Scheduled) |
November 1, 2021 |
2. Company Split Method:
- MWIDM will be split based on clients and total revenue of company 50% between both the owners.
- Each client will be communicated to separately by MWIDM and Pacer, respectively, based on allocation of client per delivery.
3. Outline of the Companies involved in the Company Split:
|
Name |
MWIDM |
Pacer Staffing |
|
Location |
301 Lindenwood Drive, Suite 110, Malvern, PA 19096 |
1445 City Ave, Suite 10B |
|
Position and Name of the Representative |
Chanel Pennick |
Vinny Dhillon |
|
Scope of Business |
Staffing & Recruitment Services |
Staffing Services, RPO, Payroll and Total Talent Solutions |
|
Fiscal year-end |
December 31 |
December 31 |
4. Outlook for the Future:
Both companies expect no impact to delivery for any clients as the split was based on client alignment with no changes made to the delivery teams by either of the companies. Dedicated teams will continue servicing their clients, business as usual.
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Original Source: MWIDM Split Into MWIDM & Pacer Staffing
