On February 26, 2024, TrueBlue Inc. ("TrueBlue" or the "Company") divested its PeopleReady Canadian staffing business to Vertical Staffing Resources Inc. (“VSR”).

The Technology and Business Services Investment Banking practice of Kroll served as the exclusive financial advisor to TrueBlue in connection with the transaction.

About TrueBlue and PeopleReady Canada

TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. Its PeopleReady segment offers on-demand, industrial staffing; PeopleManagement offers contingent, on-site industrial staffing and commercial driver services; and PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries.

PeopleReady Canada is an on-demand provider of industrial staffing solutions to clients across a range of verticals. With 33 branches across six Canadian provinces, PeopleReady Canada is well-established and known throughout local communities with deep relationships and knowledge of the client and candidate base.

Stikeman Elliott LLP served as legal counsel to TrueBlue in connection with the transaction.

About Vertical Staffing Resources

Vertical Staffing Resources (VSR) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. VSR's Vertical Temporary Staffing segment offers temporary and on-demand staffing; its Vertical Permanent Staffing segment offers recruitment services for permanent placements.

Wilson Vukelich LLP served as legal counsel to VSR in connection with the transaction.