STERLING – VeriFacts has a plan in place to accommodate rapid growth, which now officially includes a change of address.
The data verification company made a formal announcement Tuesday that it will move to the former Halo Branded Solutions building at 1980 Industrial Drive. Halo started moving employees into its new corporate headquarters at 1500 Halo Way last month.
Owners Jim and Sheila Gabler invited a small group of community representatives to tour the building and witness the signing of the sale contract.
“We’re close to the largest company in America at what we do,” Jim Gabler said. “We have 135 employees today and we need 100 more as soon as possible.”
While he says he’d like to have all of those additional workers “tomorrow”, Gabler said it isn’t feasible while adhering to his philosophy of controlled growth.
“Realistically, training takes about 6 months, and we’re only able to train about 12 people a month,” Gabler said. “We want to make sure we continue to do things the right way.”
Gabler bought VeriFacts’ current site at 204 First Ave. 15 years ago, and is the downtown’s biggest employer.
Halo is still leasing its former home through Jan. 31 from Glenview-based Titan Development Company. VeriFacts will have a short-term lease that starts June 1, and after Halo’s deal expires, Gabler will take ownership of the building.
VeriFacts has looked at several larger buildings over the years, including Northland Mall and the former Staples site on East Lincolnway, but the Halo space seemed like the best fit.
“I knew the building and its capacity from when I worked here with Lee Wayne many years ago, and the layout seemed like a perfect fit for us,” VeriFacts President Stephanie Clark said.
The new building bumps up VeriFacts’ square footage from 30,000 to 40,000 feet, but there is much more usable space. The current site is spread out over three floors while the new building’s space is all on one level.
Financing for the deal was done with Sauk Valley Bank, which was represented at the signing event.
“This is an exciting day for the continued growth of VeriFacts,” said Dirk Meminger, president and CEO of the bank. “It’s nice to see a local business keep growing and creating jobs in the community.”
The sale should close in 45 to 60 days. Gabler has a late July or early August timeline for getting the company moved into its new home.
Services: Locates people for clients in the financial and accounts receivable industry.
Current location: 204 First Ave., Sterling
New location: 1980 Industrial Drive, Sterling
Owners: Jim and Sheila Gabler
President: Stephanie Clark
Employees: 135 full-timers