Eastridge divests payrolling, MSP and VMS business
Eastridge divests payrolling, MSP and VMS business

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Eastridge is selling its payrolling, MSP and VMS businesses to focus on its core staffing operations in a deal that closed Feb. 3. The San Diego-based firm divested the business lines to Workwell, a UK-based firm that provides human capital management and employer-of-record services. The acquistion will bolster its North American presence.
The operations involved in the transaction were housed in Eastridge’s workforce management and workforce technology divisions.
“The sale aligns with our strategic initiatives to focus our core expertise in recruiting and staffing,” Eastridge said in a note to SIA. “The timing also aligned with Workwell’s initiatives to strengthen their North American operations.”
In announcing the sale, Eastridge also reported Rodrigo Alcaine is becoming CEO. Alcaine previously served as president of Eastridge Workforce Recruitment.
“I’m incredibly proud of what our team at Eastridge has accomplished, and I’m energized about the next chapter in the company’s amazing 50-plus year history,” Alcaine said in a press release. “As we become a more specialized company, we can dedicate our attention to optimizing the talent experience for our clients.”
Meanwhile, Eastridge CEO Seth Stein is moving to become CEO of Eastridge Workforce Management, a Workwell company.
Eastridge appears on SIA’s list of largest US staffing firms.
Workwell said it’s making the deal to accelerate growth and expand its footprint in North America.
“The acquisition is very much in line with Workwell’s international growth strategy,” Workwell said in a note to SIA. “The US is the world’s largest hiring market and companies using flexible workforces across the 50 states and the North American region in general, or expanding and hiring remotely there, require expert, tech-enabled support, and the acquisition strengthens our capability in this significant market in that regard.”
The deal will bring Workwell’s total revenue to more than $2 billion with approximately $400 million of revenue coming from North America.
“We are excited to welcome the Eastridge Workforce Management team to the Workwell Group,” Workwell CEO John Hoskin said in a press release. “Their exceptional capabilities and reputation in the HCM sector, combined with their strong relationships with top-tier enterprise clients such as Sofi, Tastemade and Servier Pharmaceuticals align perfectly with our vision for growth.”
The deal takes place less than a year after Workwell acquired PGC Group, an Austin, Texas-headquartered employer-of-record provider.
Workwell said a combination of its global platform with Eastridge Workforce Management’s North American expertise, enterprise client relationships and leading VMS technology (Talient), is expected to drive increased market share and enhance service offerings.