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.
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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.