M&A Deal Summary

Proman Acquires PeopleShare

On March 31, 2023, Proman acquired staffing company PeopleShare from Trivest Partners

Acquisition Highlights
  • This is Proman’s 1st transaction in the Staffing sector.
  • This is Proman’s 1st transaction in the United States.
  • This is Proman’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2023-03-31
Target PeopleShare
Sector Staffing
Buyer(s) Proman
Sellers(s) Trivest Partners
Deal Type Add-on Acquisition

Target

PeopleShare

Collegeville, Pennsylvania, United States
PeopleShare is a provider of temporary staffing and outsourced HR services in the Northeast United States. PeopleShare was founded in 2004 and is based in Collegeville, Pennsylvania.

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Buyer(S) 1

Buyer

Proman

Manosque, France

Category Company
Founded 1990
Sector Staffing
DESCRIPTION

Proman is a temporary staffing agencies. The company boasts over 108 branches, with a strong presence in the south-east. It employs 200 employees and has around 8,000 temporary employees on its books. Proman was founded in 1990 and is based in Manosque, France.


DEAL STATS #
Overall 1 of 1
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 6.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 34 of 46
Sector: Staffing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 13 of 15
State: Pennsylvania M&A 2 of 2
Country: United States M&A 31 of 42
Year: 2023 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Brothers National

Manassas, Virginia, United States

Brothers National is an operator of a premier asphalt, concrete and paving company. Brothers National was founded in 1985 and is based in Manassas, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-01 Precision Machining Group

Schaumburg, Illinois, United States

Precision Machining Group is a manufacturer and supplier of precision machining and mechanical assemblies. Precision Machining Group was founded in 2002 and is based in Schaumburg, Illinois.

Sell -