November 26, 2022
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Ex-CEO fired as staffing firm merger turns ugly

By   /  Friday, February 20th, 2015  /  Latest news, Top Stories  /  Comments Off on Ex-CEO fired as staffing firm merger turns ugly

Just one week after the Feb. 9 closing of the Select-EmployBridge merger, Sorensen was ousted amid allegations that he improperly transferred $2.7 million to an entity he controlled.

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Board says it ousted Sorensen from Select Staffing

By   /  Tuesday, February 17th, 2015  /  Latest news, Top Stories  /  Comments Off on Board says it ousted Sorensen from Select Staffing

D. Stephen Sorensen, who steered the fortunes of Santa Barbara-based Select Staffing through explosive growth, bankruptcy and a merger that closed on Feb. 9, has been terminated for cause.

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Select merger will shift HQ to Atlanta

By   /  Friday, January 9th, 2015  /  Latest news, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Select merger will shift HQ to Atlanta

One of the 10 largest staffing firms in the nation, the Santa Barbara-based Select Family of Staffing Cos., announced Jan. 5 it plans to merge with EmployBridge, a staffing company based in Atlanta.

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Select Staffing HQ moves to Atlanta amid ownership shuffle

By   /  Monday, January 5th, 2015  /  Latest news, Top Stories  /  Comments Off on Select Staffing HQ moves to Atlanta amid ownership shuffle

The merger comes less than a year after Select restructured itself after declaring Chapter 11 bankruptcy and will permanently relocate the national company’s headquarters from Santa Barbara to Atlanta.

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Select Staffing to shed debt, relinquish family control in Ch. 11

By   /  Friday, April 4th, 2014  /  Banking & Finance, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11

The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.

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Business lessons learned from region’s largest corporate bankruptcy

By   /  Friday, April 4th, 2014  /  Columns, Opinion  /  Comments Off on Business lessons learned from region’s largest corporate bankruptcy

At least in terms of revenue, Select is the largest company in the history of the Tri-Counties to seek Chapter 11 protection from creditors.

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Updated: Select Staffing files pre-packaged Ch. 11 bankruptcy

By   /  Tuesday, April 1st, 2014  /  Banking & Finance, South Coast, Top Stories  /  1 Comment

The Select Staffing Family of Companies, the Santa Barbara-based staffing services giant, filed a pre-packaged Chapter 11 bankruptcy on April 1 listing between $50 million and $100 million in debts and $100 million to $500 million in assets.