TrueBlue, Inc. announced today that it has completed its previously
announced acquisition of Seaton Corp., including its PeopleScout, Staff
Management | SMX, HRX and StudentScout service lines.
“We are pleased to have these respected and industry-leading brands join
TrueBlue along with their talented employees,” TrueBlue CEO Steve Cooper
said. “We can now offer a broader range of specialized solutions to help
clients better manage their workforce.”
Cooper said TrueBlue will expand many of the centralized practices used
by PeopleScout and Staff Management | SMX to support the company’s
strategy to deliver its staffing services through a smaller branch
footprint.
"Our acquisition strategy has always been about building new
competencies,” he said. “The addition of Staff Management | SMX allows
us to address the complex needs of customers with large, industrial
workforces. Similarly, just as we’ve helped customers increase the
productivity of their workforces through access to specialized staffing
services, the addition of PeopleScout means customers can now rely on
TrueBlue to do the same for recruiting their full-time workforce.”
The acquisition makes TrueBlue the largest industrial staffing provider
in the U.S., bringing 2013 pro forma revenue to $2.3 billion.
About TrueBlue:
TrueBlue (NYSE: TBI) 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. Repeatedly recognized as one of Forbes
Magazine’s “Most Trustworthy Companies” for its accounting and
governance practices, TrueBlue connects approximately 375,000 people to
work annually across the U.S., Canada and Puerto Rico. Learn more about
TrueBlue at www.trueblue.com.
Forward-looking Statements
This document contains “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. Words such as
“may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,”
“believes,” “estimates,” “targets,” “anticipates,” and similar
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Examples of forward-looking statements include the expected benefits of
the acquisition and any other statement that does not directly relate to
any historical or current fact. Forward-looking statements are based on
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and adversely from these forward-looking statements. Among these factors
are the occurrence of any event, change or other circumstances that
could give rise to risks related to disruption of management time from
ongoing business operations due to the acquisition and failure to
realize the benefits expected from the acquisition. Examples of
additional factors can be found in our most recent filings with the
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