acquisition of SeatonCorp.

Technology & Services
acquisition of SeatonCorp.

Summary

Baird served as the exclusive financial advisor to TrueBlue, Inc. on this transaction

About

TrueBlue, Inc. (“TrueBlue”) (NYSE:TBI) recently completed the acquisition of SeatonCorp (“Seaton”), a portfolio company of Leeds Equity Partners, for $310 million.

Seaton is a leading outsourcing and recruiting company that operates under the Staff Management, PeopleScout, HRX and StudentScout service lines. PeopleScout and Australia-based HRX specialize in recruitment process outsourcing, providing large-scale recruitment of full-time employees for clients. Staff Management is an outsourced workforce management provider that recruits and manages contingent employees on site at clients’ facilities. StudentScout provides outsourcing services supporting the admissions process of colleges and universities. The firm was founded in 1988 and is based in Chicago, Illinois.

TrueBlue is a leading staffing provider that helps over 130,000 businesses be more productive through easy access to dependable temporary labor. TrueBlue provides specialized staffing solutions and onsite workforce management to industries that include construction, manufacturing, transportation, aviation, waste, hospitality, retail, renewable energy and more. TrueBlue is headquartered in Tacoma, Washington with 3,200 employees.

For additional information about this transaction, please contact:

Bret Schoch (312) 609-4965
Brian Cole (414) 298-1702
Brian Doyal (312) 609-4916
David Silver +44 207 667 8216
Technology & Services
acquisition of SeatonCorp.
Date
June 2014
Company
TrueBlue, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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