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First Step the Subject of Emory Social Enterprise Panel

Mergers happen all the time, but rarely are they as notable as when Atlanta’s First Step Staffing acquired LGS Staffing in December 2015. At the time of the acquisition, LGS, a for-profit company, was 10 times larger than First Step, a nonprofit that operates as a staffing agency for individuals experiencing homelessness. A smaller firm’s purchase of a large one is an uncommon occurrence, but even less common is a blended entity that emerges stronger than ever. Time will tell, but nearly one year out, First Step is a rousing success story, and one Goizueta wanted to explore at its most recent nonprofit panel, Thursday, Nov. 10.

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