kforce

Kforce

Rapid Growth Strategy - Kforce had 17 locations and aggressive plans to grow.
They had just gone public and raised $110M with plans for growth by acquisition.

Issue:

Rapid growth – at one point had simultaneous expansion in 19 of 25 locations. Grew by acquisition and had duplicity in many markets with no one space large enough to hold both groups. They were making long term commitments with LL’s (3-5 years) and managers were quitting with 2 weeks notice. Manager had poor revenue but gave projections of tremendous success – needed a logical “RE needs analysis” system. Public company – needed ‘one time restructuring charges’ determined by us and approved by their auditors.

Solution:

We placed a real estate manager on site at Kforce headquarters to field space requests and eventually two additional project managers to manage construction, furniture, and IT setup.

Result:

Ultimately we grew Kforce to 110 locations including a 138,000 SQFT corporate headquarters.

Client Response:

“When we first hired your firm, we had seventeen locations and occupied less than 15,000 SQFT in our corporate headquarters. Now, four years later, our revenue has grown tenfold, our offices number over 100 across the U.S. and Canada, and our new 138,000 SQFT headquarters is under construction. Throughout this time you and your firm have diligently supported our dynamic evolution and have played a key role in our operational success. Your staff has become integrated with our own, and are vital to our real estate decision process.”