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TrueBlue to pay $67.5 million for on-premise staffing provider SIMOS

December 02, 2015

TrueBlue Inc. (NYSE: TBI), the largest US industrial staffing firm, acquired on-premise staffing provider SIMOS Insourcing Solutions for $67.5 million in cash funded through the company’s existing credit facility, according to a filing with the US Securities and Exchange Commission. An additional cash payment may be due in 2017 based on 2016 performance.

SIMOS’ workforce management programs provide recruiting, on-premise management and process engineering. The firm provides staffing solutions to several Fortune 500 companies.

“We are excited to add SIMOS’ workforce performance-improvement programs and industry-leading expertise to TrueBlue’s portfolio,” TrueBlue President and COO Patrick Beharelle said. “Adding SIMOS and the incredible talent they bring to TrueBlue will provide our clients with new ways to transform their business and increase productivity.”

SIMOS will join TrueBlue’s workforce management group, which includes Staff Management | SMX, Centerline and PlaneTechs. It will continue to be managed by President and CEO Kelly Carlson.

Atlanta-based SIMOS has offices in Tennessee, Mississippi, Texas, Ohio, Virginia, Georgia, Indiana, Illinois, New Jersey and Oregon.