M&A Deal Summary

TrueBlue Acquires Seaton

On June 2, 2014, TrueBlue acquired staffing company Seaton from Leeds Equity Partners for 310M USD

Acquisition Highlights
  • This is TrueBlue’s 7th transaction in the Staffing sector.
  • This is TrueBlue’s 2nd largest (disclosed) transaction.
  • This is TrueBlue’s 9th transaction in the United States.
  • This is TrueBlue’s 3rd transaction in Illinois.

M&A Deal Summary

Date 2014-06-02
Target Seaton
Sector Staffing
Buyer(s) TrueBlue
Sellers(s) Leeds Equity Partners
Deal Type Add-on Acquisition
Deal Value 310M USD

Target

Seaton

Chicago, Illinois, United States
Seaton Corp. is a provider of recruiting, Vendor-On-Premise ("VOP") staffing, and end-to-end supplier management solutions for strategic users of contingent labor. Seaton operates through three business units -- Staff Management, PeopleScout, and StudentScout. Staff Management has been an industry pioneer of the VOP staffing solution model, which has now evolved into a platform that provides sustainable workforce solutions to Fortune 500, Global 2000, and high growth companies. PeopleScout is a leading provider of recruitment process outsourcing services designed to help firms manage their exempt and non-exempt hiring needs.

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Buyer(S) 1

Buyer

TrueBlue

Tacoma, Washington, United States

website


Category Company
Founded 1985
Sector Staffing
Employees5,200
Revenue 2.3B USD (2022)
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 9 of 10
Sector (Staffing) 7 of 8
Type (Add-on Acquisition) 9 of 10
State (Illinois) 3 of 3
Country (United States) 9 of 10
Year (2014) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Staff Management Solutions

Chicago, Illinois, United States

Staff Management Solutions, LLC is a provider of recruiting, vendor-on-premise staffing and end-to-end supplier management solutions for strategic users of contingent labor. Company operates under the Staff Management, SMX, PeopleScout, HRX, and StudentScout service lines.

Buy $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 SIMOS Insourcing Solutions

Milton, Georgia, United States

SIMOS Insourcing Solutions Corp. is a provider of workforce management programs leverage a combination of precision recruiting, on-premise management, and process engineering to improve clients’ operational productivity and performance.

Buy -

Seller(S) 1

SELLER

Leeds Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Leeds Equity Partners is a specialist private equity firm that targets investments in middle-market companies operating in knowledge industries. Specific areas of interest include education (K-12, postsecondary, at-risk/special education, instruction materials, testing), training (corporate training, professional certification/continuing education, language training), and information/business services (b2b publishing, information databases/research, tradeshows/conferences, business process outsourcing, consulting, staffing, marketing). Leeds prefers investing in established companies that are leaders in their respective markets. Leeds Equity Partners was formed in 1993 and is based in New York, New York.


DEAL STATS #
Overall 11 of 21
Sector (Staffing) 2 of 2
Type (Add-on Acquisition) 6 of 8
State (Illinois) 4 of 4
Country (United States) 9 of 19
Year (2014) 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Staff Management Solutions

Chicago, Illinois, United States

Staff Management Solutions, LLC is a provider of recruiting, vendor-on-premise staffing and end-to-end supplier management solutions for strategic users of contingent labor. Company operates under the Staff Management, SMX, PeopleScout, HRX, and StudentScout service lines.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Fulcrum Financial Data

New York, New York, United States

Fulcrum Financial Data LLC is a provider of a financial technology and information services platform. The company is comprised of four unique, entrepreneurial companies that provide research, news and data analytics in the credit information space.

Buy -