HireQuest proposes a $105M cash deal to acquire TrueBlue’s on-demand staffing segment, PeopleReady.
HireQuest submitted a $105M cash proposal to acquire TrueBlue’s PeopleReady on-demand staffing operations. The offer targets a key segment of TrueBlue, which has faced valuation pressures in recent months.
HireQuest previously made multiple bids for TrueBlue in 2025, ranging from $7.50 to $12.30 per share. TrueBlue’s stock has traded below these levels, reflecting investor skepticism about its standalone prospects.
TrueBlue shares rose 12% following the announcement, signaling market approval of the proposed transaction.