TrueBlue of Tacoma finalizes acquisition of Seaton, becomes largest industrial staffing provider in U.S.

Staff writerJune 30, 2014 

With the announcement Monday that it has completed its acquisition of Seaton Corp., Tacoma-based TrueBlue has become the nation’s largest industrial staffing provider.

“It puts us over $2 billion,” said Stacey Burke, vice president of corporate communications.

With the acquisition, 2013 pro forma revenue for the company totals $2.3 billion, according to a release.

The Seaton acquisition allows TrueBlue – traditionally a provider of short-term, blue-collar personnel – to move into other staffing areas. The company can now provide a higher level “outsourced workforce management” and can offer recruits for “contingent” positions that might one day lead to permanent employment.

The company can also offer to provide a larger volume of recruits for a job, and will offer onsite workforce management to clients.

With the Seaton acquisition, TruBlue now operates new brands including PeopleScout, StudentScout, Staff Management - SMX and HRX.

“We can now offer a broader range of specialized solutions to help clients better manage their workforce,” stated TrueBlue CEO Steve Cooper in the release.

The $310 million deal comprised $120 million in cash and $190 million in debt, Burke said.

C.R. Roberts: 253-597-8535 c.r.roberts@thenewstribune.com

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