Northbrook, Illinois –November 15, 2022 – PROMAN, the French leader in the temporary employment and human resources market, a 100% family-owned company, continues its expansion in the United States with the acquisition of Trades Masters, a temporary staffing company located in the state of Texas.
- The Group carries out its 3rd operation across the Atlantic since its establishment in 2018
- PROMAN expands its footprint in the US, the world’s largest temporary staffing market
- In the United States, PROMAN has 55 offices located in 13 states
Exceed $300 million in 2023!
After Paramount Staffing in 2018 and TalentForce in 2019, Trades Masters is PROMAN’s third transaction in the United States, the largest temporary staffing market in the world. In total, PROMAN has 55 branches in 13 states.
“Since June, our teams have been working under the PROMAN name in the United States, and we are really proud! With this acquisition, we are further strengthening our presence in Texas.” says Roland Gomez, President PROMAN.
With the integration of Trades Masters, PROMAN aims to exceed $300 million in revenue by 2023.
Trades Masters has 43 permanent employees in 5 locations in Texas: Austin, Dallas, Fort Worth, Houston and San Antonio. Last year, the company generated $46 million from 225 corporate clients.
“Trades Masters along with Proman Skilled Trades will offer us new opportunities and allow us to expand our footprint to other cities in Texas and the southern United States. We share the same values: people, team spirit, performance and a fun company to work with and for!” says Gilles Tanneur, CEO PROMAN North America.
“It was important to us to work with a company that shares our commitment to workers, and we’re excited for our team to join the exceptional group at Proman.” adds Mike Witte, CEO of Workrise.
Strategy of growth and consolidation
Since 2013, PROMAN has been pursuing a proactive international growth strategy. The Group is now present in 16 countries on 3 continents: Europe, Africa and the United States. Applying the same deployment strategy as in France where it has 400 branches, the Group is pursuing a strategy of growth and consolidation in its new countries of operation. This steady growth should enable PROMAN to reach its target of €6 billion in revenue in 2025.
Founded in Manosque in 1990, PROMAN is the 4th European player in the temporary employment market, CDD/CDI recruitment. With more than 800 agencies worldwide, including 400 in France, and 100,000 temporary workers on assignment every day, PROMAN is the preferred partner of more than 45,000 companies in the industrial, construction, nuclear, pharmaceutical, automotive and hotel sectors. A family business with a human dimension, PROMAN owes its position to its values: people, proximity and responsiveness. In strong growth, the group outperforms its market year after year and has a turnover of 2.9 billion euros in 2021.
List of Counsels
Buyer: PROMAN (Roland Gomez, President)
Sweeney, Scharkey & Blanchard LLC
Philippe Y. Blanchard – (312) 384-0500 – firstname.lastname@example.org
Tim Irvin – (630) 368-3623 – Tim.Irvin@claconnect.com
Seller: Workrise Technologies Inc.
D.A. Davidson & Co.
James R. Keckler – (310) 500-3863 – email@example.com
Bobby Miscrak – (303) 571-6133 – firstname.lastname@example.org
Kirkland & Ellis LLP
Brittany Sakowitz, P.C. – (713) 836-3313 – email@example.com
Kate Rainey Willson – (512) 678-9139 – firstname.lastname@example.org
Lori Headley – (574) 213-3855 – email@example.com