TACOMA, Wash. - TrueBlue Inc. (NYSE: TBI), a prominent provider of specialized workforce solutions, has announced the sale of its PeopleReady Canadian staffing business to Vertical Staffing Resources. The terms of the deal, which is expected to close within the first quarter, have not been disclosed and are subject to standard closing conditions.
Taryn Owen, President and CEO of TrueBlue, stated that the divestiture is strategic, enabling the company to concentrate on its core operations and capitalize on growth opportunities within U.S. staffing and the global recruitment process outsourcing (RPO) markets. Owen expressed confidence in Vertical Staffing Resources as the right fit for the PeopleReady brand in Canada and assured that efforts are being made to ensure a smooth transition.
TrueBlue will maintain its presence in Canada through other business segments, including Staff Management | SMX and PeopleScout.
The company, which connected approximately 611,000 people to work in 2022, operates three main segments: PeopleReady for on-demand industrial staffing, PeopleManagement for contingent on-site industrial staffing and commercial driver services, and PeopleScout for RPO and managed service provider solutions. The sale is part of TrueBlue's strategy to focus resources on areas with the most potential for profitable growth.
This move is based on a press release statement issued by TrueBlue.
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