PeopleScout, a division of TrueBlue (NYSE: TBI) that provides MSP and RPO services, acquired UK-based RPO provider TMP Holdings Ltd for $25 million net-of-cash.

The acquired firm operates under the name TMP Worldwide; however, it is neither owned by nor connected with TMP Worldwide Advertising & Communications, a recruitment advertising agency based in the US.

TMP Worldwide is a provider of employer branding and recruitment marketing solutions with a portfolio of marquee RPO clients.

With the acquisition, PeopleScout aims to expand its global RPO capabilities as well as its footprint in Europe, the Middle East and Africa. The deal will also add talent advisory services to PeopleScout’s global client base, including employer branding, recruitment marketing, assessment services and talent acquisition strategy.

The transaction closed 12 June and TrueBlue acquired 100% of outstanding stock. Cash consideration at closing was $30 million less $5 million in cash and working capital on the balance sheet for a net-of-cash purchase price of $25 million.

TMP’s London headquarters will serve as PeopleScout’s EMEA headquarters, joining its worldwide headquarters in Chicago and Asia Pacific headquarters in Sydney. TMP’s Bristol delivery centre will join PeopleScout’s global delivery centre network which supports clients in more than 70 countries.

TMP CEO Andrew Wilkinson will join the PeopleScout executive leadership team as group managing director of EMEA.

“With TMP, we significantly strengthen our RPO footprint and delivery capabilities in EMEA — deepening our expertise in this strategic market,” said PeopleScout President Taryn Owen, who will continue to lead the organization. “Additionally, the TMP team infuses PeopleScout with decades of experience in recruitment marketing and talent acquisition strategy, better enabling our clients to connect with the talent they need now and in the future.”

TrueBlue CEO Steve Cooper commented, “This acquisition underscores PeopleScout’s growing importance to TrueBlue. It expands our highest margin business in a market that is growing in the mid-teens and where our own growth has recently exceeded 20%. TMP establishes a position for us in the UK, which is the second largest RPO market in the world and one of the most common markets included in multi-continent RPO deals. Obtaining a physical presence and referenceable clients in the UK enhances our ability to compete on multi-continent engagements.”