Strategic Deal Enhances Scale, Client Base, and Revenue Growth in EOR and HCM Sectors
Workwell Group, a global leader in human capital management (HCM) and Employer of Record (EOR) services, today announced the successful acquisition of Eastridge Workforce Management (EWM), a prominent tech-enabled EOR provider based in San Diego, California, from Eastridge Workforce Solutions. This carve out acquisition follows the company’s recent acquisition of PGC Group in April 2024 and represents another significant step in Workwell’s strategy to accelerate growth and expand its footprint in North America, the world’s largest hiring market.
The acquisition of EWM brings the Group’s total revenue to over $2 billion, with circa $400 million of revenue and over 40% of group management fees generated from North America, further solidifying the company’s dominant position in the region.
Commenting on the acquisition, John Hoskin, CEO of Workwell, said:
“We are excited to welcome the Eastridge Workforce Management team to the Workwell Group. 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. This acquisition significantly strengthens our North American operations and deepens our client base, positioning us for accelerated expansion in this critical market. When coupled with the recent acquisition of PGC Group in April 2024, we are well-positioned to capture even more market share.”
The acquisition of EWM represents the second major transaction for Workwell in less than a year following the acquisition of PGC Group, bringing their total headcount to over 500 employees with more than a quarter of those based in North America. Together, these acquisitions mark a decisive period of growth for the company as it continues to scale its operations across the US, Canada, and Mexico. The combination of Workwell’s global platform with EWM’s North American expertise, enterprise client relationships and leading VMS technology (“Talient”), is expected to drive increased market share and enhance service offerings.
Workwell remains committed to providing innovative EOR and HCM solutions that help businesses manage their global flexible workforces with greater agility, compliance, and efficiency. The integration of EWM will further strengthen the company’s ability to deliver world-class solutions to its expanding customer base, while the success of PGC Group’s integration in 2024 already demonstrates the company’s ability to realize value from strategic acquisitions.
About Workwell Group:
Workwell Group is a leading provider of human capital management (HCM) and Employer of Record (EOR) services. With a comprehensive portfolio of solutions designed to help businesses navigate the complexities of global and flexible workforce management, Workwell serves a diverse range of clients, from small businesses to large multinational enterprises. By providing flexible, compliant, tech-enabled and scalable workforce solutions, Workwell is empowering businesses to thrive in today’s dynamic labour market.
About Eastridge:
Eastridge Workforce Management is a leading provider of Employer of Record (EOR) and contingent workforce management and technology services based in San Diego, California. With a strong presence in North America, Eastridge offers end-to-end workforce management solutions to enterprise clients across various industries. Talient, its innovative technology platform, leads the way in EOR and MSP delivery alongside expert services to enable businesses to streamline and scale payroll, compliance, and human resource functions. Eastridge Workforce Solutions’ Recruitment and Staffing business are not associated with the transaction. Eastridge Workforce Recruitment (EWR) will remain an independent company, focusing on its 50+ year history as a leading staffing and recruiting company.
For more information, please contact:
Charlotte Foden-Flint
Group Marketing Manager
07564 049 127
[email protected]
