LONDON – Workwell, a provider of employer of record and workforce management solutions, has acquired PGC Group, a North American leader in similar services. This transaction marks Workwell’s largest acquisition to date, significantly expanding its international presence and capabilities.
The merger combines the strengths of both companies, creating a global entity with a turnover exceeding £1.4 billion (USD $1.7 billion), fee incomes over £50 million (USD $60 million), and a service network for over 40,000 contingent workers worldwide.
With in-country operations across North America, the UK, and most of Europe, and additional solutions covering other areas, Workwell aims to assist industries and organizations looking to hire internationally. This move is poised to capitalize on the growing trend of accessing global remote and flexible talent, with an emphasis on compliance assurance.
The leadership teams of both companies will remain intact, with PGC’s Founder and CEO, Adam Coleman, joining Workwell’s board. Coleman expressed his enthusiasm for the merger, highlighting the strategic alignment and shared commitment to excellence and compliance between the two companies.
John Hoskin, CEO of the combined entity, emphasized the strategic importance of US capabilities for Workwell’s global leadership aspirations. He pointed out PGC Group’s market-leading position and reputation for quality as key factors in the decision to unite the two companies.
This merger is set against the backdrop of an employer of record market valued at $25-35 billion by Staffing Industry Analysts, with global spending in the sector growing by 46% between 2021 and 2022.
Workwell now offers a comprehensive suite of workforce management solutions, ranging from compliant worker engagement to back-office services and recruitment technology, supporting clients’ growth by facilitating access to global talent.
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Apollonas Kritikos