M&A Deal Summary

Vertical Staffing Acquires PeopleReady

On February 21, 2024, Vertical Staffing acquired staffing company PeopleReady from TrueBlue

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

M&A Deal Summary
Date 2024-02-21
Target PeopleReady
Sector Staffing
Buyer(s) Vertical Staffing
Sellers(s) TrueBlue
Deal Type Divestiture

Target

PeopleReady

Tacoma, Washington, United States
PeopleReady provides quick and reliable on-demand labor and highly skilled workers. PeopleReady supports a wide range of industries, including construction, manufacturing and logistics, retail and hospitality. PeopleReady was founded in 1989 and is based in Tacoma, Washington.

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Buyer(S) 1

Buyer

Vertical Staffing

Brampton, Ontario, Canada
Category Company
Founded 2013
Sector Staffing
DESCRIPTION

Vertical Staffing is a provider of specialized workforce solutions that help clients achieve business growth and improve productivity. VSR’s Vertical Temporary Staffing segment offers temporary and on-demand staffing; its Vertical Permanent Staffing segment offers recruitment services for permanent placements. Vertical Staffing was founded in 2013 and is based in Brampton, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

TrueBlue

Tacoma, Washington, United States
Category Company
Founded 1985
Sector Staffing
Employees5,000
Revenue 1.9B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Staffing) 2 of 2
Type (Divestiture) 2 of 2
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 PlaneTechs

Oak Brook, Illinois, United States

PlaneTechs LLC supplies mechanics and technicians to aircraft maintenance, repair, overhaul, and manufacturing companies, and has been consistently recognized as a top employer for military veterans transitioning into the aviation industry. PlaneTechs was formed in 2007 and is based in Oak Brook, Illinois.

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