Daily News

View All News

PRO Unlimited’s acquisition of Workforce Logiq aims for adding scale, geographic expansion

August 19, 2021

PRO Unlimited will be a larger company with a more global reach and have a larger tech platform after the deal announced Tuesday for the company to acquire Workforce Logiq, said PRO Unlimited CEO Kevin Akeroyd.

PRO Unlimited is acquiring Workforce Logiq from private equity firm Carlyle. PRO Unlimited provides VMS and MSP services, and Workforce Logiq provides VMS, MSP, RPO and direct sourcing.

The deal is still subject to customary regulatory approval.

Akeroyd said his company looks for three things in an acquisition: the ability to acquire scale, geographic expansion, and technology and data.

“The nice thing about Workforce Logiq is they check all three,” Akeroyd said. It adds scale and it has a presence in key markets in which PRO Unlimited was looking to expand, particularly the Nordic countries in Europe.

He also noted Workforce Logiq has done good work in technology to facilitate the statement-of-work space and it acquired Engage Talent, a predictive analytics company powered by artificial intelligence. Engage enables companies to forecast employee churn, skill supply and recruitment gaps among other things.

In addition, Akeroyd noted the cultural fit between the two companies.

“We really felt good about the people, the culture, the mindset,” he said.

This week’s deal is one of several recent acquisitions by PRO Unlimited. It acquired PeopleTicker in January and Dutch MSP Brainnet Group in February. PRO Unlimited is itself being acquired private equity firm EQT in a deal announced in June.

The Workforce Logiq deal is expected to close in the latter part of this quarter.

Akeroyd said the aim will be to integrate the two systems as fast as possible with the clients in mind and the aim of developing an even better system. In the meantime, clients will not have to migrate from Workforce Logiq to PRO Unlimited or vice versa.

Personnel from Workforce Logiq will also remain with the combined company once the deal closes.

“The company will be a lot bigger, a lot more global, a much bigger technology platform,” Akeroyd said.

However, until the deal closes, plans call for the businesses to continue operating separately.

“It truly is business as usual.” Workforce Logiq Chief Marketing Officer David Trachtenberg said. “We continue to operate as independent companies and we will continue to compete against each other as we have in the past until the proposed deal is approved.”