Staffing Powerhouse Expands Reach to Mid-Atlantic with Fourth Acquisition
NORTHBROOK, ILLINOIS (APRIL 6, 2023)—PROMAN, a leading staffing firm for the light industrial and construction industries based in the Chicago suburb of Northbrook, Illinois, announced the acquisition of PeopleShare, a clerical and light industrial workforce solutions provider based in Collegeville, Pennsylvania, effective March 31, 2023. PeopleShare is PROMAN’s fourth acquisition since entering the U.S. staffing market in 2018.
The strategic acquisition places PROMAN among the top 20 largest commercial staffing providers. The transaction expands PROMAN’s geographical footprint in the Mid-Atlantic region with the addition of four new states: Delaware, Maryland, Pennsylvania and Virginia. PROMAN’s U.S. presence now covers 18 states with more than 100 branches, on-site locations and virtual placements. In the United States, PROMAN employs 500 people at the corporate and field levels.
PeopleShare co-founder and Chief Executive Officer Ryan Clark, and co-founder and Special Advisor David Donald will both remain in their roles.
PROMAN Group President Roland Gomez shared, “We are excited about this partnership as it aligns with our company culture and values of family and success. This further strengthens our US presence.”
Clark and Donald agreed, “It was important for us to partner with a company that was the right fit culturally, and one that shared our vision for growth. We’re eager for our team to become part of the PROMAN family.”
PROMAN’s North American Chief Executive Officer Gilles Tanneur emphasized, “This acquisition validates PeopleShare’s outstanding reputation, and we know their talent will strengthen our business.” Tanneur continued, “Our firms have shared values – people, team spirit, and quality performance.”
The acquisition positions PROMAN to reach its revenue goal of $480M in 2023.
About PROMAN Group
PROMAN’s North America headquarters is based in the Chicago suburb of Northbrook, Illinois. Its parent company, PROMAN Group, has 915 branches in 16 countries, 4,000 core employees, serves 45,000 customers and places more than 100,000 temporary workers every day. PROMAN generated more than $4 billion in 2022. In the United States, PROMAN brands include PROMAN Staffing, PROSTAR Staffing, PROMAN Skilled Trades and PeopleShare.
PROMAN is the fourth largest European player in the temporary employment and staffing services industry. The 100% family-owned company was founded in Manosque, France in 1990. PROMAN is the Official Recruiting partner of the Rugby World Cup France 2023.
Buyer: PROMAN
Advisors:
Dentons US LLP
Elke Rehbock – (312) 876-6128 – elke.rehbock@dentons.com
Zac Moskowitz – (312) 876-2396 – zac.moskowitz@dentons.com
CliftonLarsonAllen LLP
Tim Irvin – (630) 368-3623 – tim.irvin@claconnect.com
Seller: PeopleShare (a portfolio company of Trivest Partners)
Advisors:
Citizens M&A Advisory
Alan Bugler – (404) 461-4604 – alan.bugler@citizensbank.com
Holland & Knight LLP
Kyle Hershey – (305) 789-7502 – kyle.hershey@hklaw.com
Crowe LLP
Robert Taylor – (212) 751-8163 – robert.taylor@crowe.com
Press contact:
Barbara Toussaint, PROMAN
865.660.1291 / barbara.toussaint@promanstaffing.com