TrueBlue to Acquire SeatonCorp
Acquisition is a Strategic Expansion of TrueBlue’s Workforce Solutions
PeopleScout, Staff Management | SMX, StudentScout and Australia-based HRX to become TrueBlue Outsourcing Solutions Group
June 2, 2014. TACOMA,WA. TrueBlue, Inc. announced today that it has agreed to purchase privately held SeatonCorp, adding complementary outsourcing solutions such as high-volume employee recruitment, managed services provider and strategic outsourced workforce management to its leading specialized staffing and onsite workforce management offerings. The acquisition makes TrueBlue the largest industrial staffing firm in the U.S.
“This is a combination of two great companies that share the same purpose of putting people to work and changing lives,” TrueBlue CEO Steve Cooper said. “Together, we can do more to get people to work and help businesses be more productive by handling all their employment sourcing, recruiting, screening, and workforce management needs.”
TrueBlue Wins Forbes Designation for Third Time
TrueBlue has been named to the Forbes 2014 list of 100 “Most Trustworthy Companies.” It is the third time that TrueBlue has been recognized for its governance and accounting transparency.
James Kaplan of GMI ratings, which compiled the rankings for Forbes, said companies on the 2014 list are “the 100 with the most sterling reputations this year.”
“We are proud to be recognized again for performing with openness and integrity and displaying the utmost in corporate accountability and transparency,” TrueBlue CEO Steve Cooper said. “We’ve built our business on being responsible to customers, our temporary associates, our employees and our shareholders. Our success is defined by the level of trust we have earned, and I appreciate all our teams do to make it a priority to exceed the expectations of our stakeholders.”
GMI Ratings reviewed the accounting and governance practices of more than 8,000 publicly-traded companies in North America. GMI considered risk factors including high-risk events, revenue and expense recognition methods, SEC actions, and bankruptcy risk to indicate a company’s credibility. Companies that generated the 100 highest scores for trustworthy behavior over the four quarters of the previous fiscal year made the list.