TrueBlue - M&A Summary and Business Overview

StaffingCompany

TrueBlue M&A Summary

TrueBlue has acquired 11 companies. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

TrueBlue’s largest acquisition to date was in 2014, when it acquired Staff Management Solutions for $310M. TrueBlue has acquired in 7 different US states. The Company’s most targeted sectors include staffing (80%) and business services (20%).

TrueBlue Business Overview

Where is TrueBlue headquartered?

TrueBlue is headquartered in Tacoma, Washington.

What is TrueBlue’s revenue?

TrueBlue disclosed revenue of 1,906M USD for 2023 and 2,254M USD for 2022.

How many employees does TrueBlue have?

TrueBlue has 5,000 employees.

What sector is TrueBlue in?

TrueBlue is a staffing company.

When was TrueBlue founded?

TrueBlue was founded in 1985 .

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

TrueBlue

TrueBlue, Inc.

1015 A Street,
Tacoma, Washington 98402
United States,
(253) 383-9101
www.trueblue.com

TrueBlue is a staffing, recruiting and workforce management company. TrueBlue's staffing services segment provides a range of blue-collar staffing services including general labor, light industrial, skilled trades, aviation and transportation mechanics and technicians, and drivers. TrueBlue's managed services segment is an outsourcer of recruitment process outsourcing services which assists is high-volume sourcing, screening and recruitment of permanent employees for all major industries and jobs. TrueBlue was founded in 1985 and is based in Tacoma, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 10 - - - - - 10
vol $709M $709M
Sell (0.2/yr) # 1 - - - - 1 2
  12

Most Recent M&A

Company Date Value Type
PeopleReady 2024-02-21 - Divestiture
Tacoma, Washington · www.peopleready.com
PlaneTechs LLC 2018-03-20 - Divestiture
Oak Brook, Illinois · www.planetechs.com
SIMOS Insourcing Solutions Corp. 2015-12-01 - Add-on Acquisition
Milton, Georgia · www.simossolutions.com
Staff Management Solutions, LLC 2014-06-02 310M USD Add-on Acquisition
Chicago, Illinois · www.seatoncorp.com
Seaton Corp. 2014-06-02 310M USD Add-on Acquisition
Chicago, Illinois
The Work Connection Inc. 2013-09-30 20M USD Add-on Acquisition
Oakdale, Minnesota · www.theworkconnection.com
Crowley Transportation Services 2013-06-12 - Add-on Acquisition
, United States
MDT Personnel LLC 2013-02-06 - Add-on Acquisition
Clearwater, Florida · www.mdtpersonnel.com
Personnel Management, Inc. 2008-04-16 19M USD Add-on Acquisition
Shreveport, Louisiana · www.pmiresource.com
PlaneTechs LLC 2007-12-03 50M USD Add-on Acquisition
Oak Brook, Illinois · www.planetechs.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Labor Ready Northwest, Inc.    - CLP Resources, Inc. 2005-05-27 1
Tacoma, Washington · www.laborready.com Reno, Nevada · www.clp.com

M&A by Sector

Sector Buy # Value Sell # Value
Staffing 8 (80%) 709M (100%) 2 (100%) -
Business Services 2 (20%) - - -
Total 10 $709M 2 -

By Geo

State/Country Buy Value Sell Value
United States 10 709M 2 -
  Illinois 3 670M 1 -
  Florida 2 - - -
  South Carolina 1 - - -
  Minnesota 1 20M - -
  Louisiana 1 19M - -
  Georgia 1 - - -
  Washington - - 1 -
Total 10 $709M 2 -

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
 2
Legal Deals
K&L Gates
 2

Deal Values

buy # Total
$100M to $1B 2 $620M
< $100M 3 $89M
TOTAL $709M
Largest Staff Management Solutions, LLC
$310M (2014-06-02)

M&A Connections

Deals
Acquired from
Investor(s)
30%
3 (30%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Staffing

Revenue

1,906   16% 2023
2,254   4% 2022
2,174   18% 2021
1,846   23% 2020
2,369   6% 2019
2,499   1% 2018
2,509   9% 2017
2,751   3% 2016
2,696   25% 2015
2,174   31% 2014
1,669   21% 2013
1,389   2012
(millions of USD) Show More Show Less

Employees

5,000

Established

1985

Public

NYSE: TBI

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