M&A Deal Summary

TrueBlue Acquires The Work Connection

On September 30, 2013, TrueBlue acquired staffing company The Work Connection for 20M USD

Acquisition Highlights
  • This is TrueBlue’s 5th transaction in the Staffing sector.
  • This is TrueBlue’s 4th largest (disclosed) transaction.
  • This is TrueBlue’s 7th transaction in the United States.
  • This is TrueBlue’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2013-09-30
Target The Work Connection
Sector Staffing
Buyer(s) TrueBlue
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Croft & Bender LP (Financial)

Target

The Work Connection

Oakdale, Minnesota, United States
The Work Connection is a light industrial staffing provider founded in 1986 with 37 branches located predominantly in the Midwest.

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Buyer(S) 1

Buyer

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 7 of 10
Sector (Staffing) 5 of 8
Type (Add-on Acquisition) 7 of 10
State (Minnesota) 1 of 1
Country (United States) 7 of 10
Year (2013) 3 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-12 Crowley Transportation Services

United States

Crowley Transportation Services is a provider of temporary driver staffing company. Company provided Professional Driver Leasing on an as need basis, day to day, weekly, monthly or complete Outsorcing.

Buy -
FOLLOWING 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
Mergr

Product

Company

Legal