Metavesco Expands into Staffing Industry with Acquisition of Epic Labor Assets

Metavesco, Inc. (OTC PINK:MVCO), a diversified holding company, has announced the acquisition of significant assets from Epic Labor, Inc., a Georgia-based provider of on-demand temporary staffing solutions. The move marks Metavesco's 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, includes customer contracts, tangible assets, and the operating assets of Epic Labor's Nashville and Knoxville, Tennessee branch offices. Metavesco will operate these assets through a newly created wholly-owned subsidiary, also named Epic Labor, Inc. The company plans to rebrand the acquired branch offices under the Epic Labor trademark, which is 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, offers Metavesco an opportunity to expand its market presence and revenue streams.

Ryan Schadel, CEO of Metavesco, expressed enthusiasm about the acquisition, stating, "We are going to build something amazing with the Epic Labor brand and we are going to Build in Public." This approach suggests a commitment to transparency and innovation as Metavesco integrates the new assets into its portfolio.

The move into the staffing industry represents a significant shift for Metavesco, which has previously focused on sectors such as bitcoin mining and consumer packaged goods. This diversification strategy could potentially provide the company with more stable revenue sources and reduce its exposure to volatility in any single market.

As the labor market continues to evolve, with increasing demand for flexible staffing solutions, Metavesco's acquisition positions the company to capitalize on these trends. The success of this venture could have implications for Metavesco's future growth trajectory and its ability to compete in the dynamic staffing industry.

Investors and industry observers will likely be watching closely to see how Metavesco leverages its new assets and whether this acquisition leads to further expansion in the staffing sector. The company's performance in this new venture could also influence perceptions of its overall business strategy and management capabilities.