Clients will realize enhanced performance, innovation, and management in their contingent workforce programs through the combined global companies.
Press Release. Burlingame, CA and Southfield, Michigan March , 2022 ꟷ PRO Unlimited, an integrated workforce management (IWM) platform provider, today announced that it will acquire Geometric Results, Inc. (GRI), a leading independent, outsourced workforce management expert, owned by funds managed by Bain Capital Private Equity Europe. This acquisition will increase the value of PRO’s IWM platform by adding GRI’s proven Managed Services Program (MSP) capabilities to its robust portfolio of SaaS, Talent Intelligence and Professional Services solutions.
The proposed GRI transaction continues PRO’s growth and comes on the heels of its recent acquisition activity with Workforce Logiq, PeopleTicker, Brainnet and WillHire in 2021. The addition of GRI’s services also includes SOW optimization, proactive sourcing, market intelligence, and supplier engagement. This amplifies PRO’s market position as a preferred provider to Fortune 1000 and mid-market organizations across multiple industry verticals. It will further enhance the PRO client experience by broadening and deepening the services it offers companies in the areas of strategic talent acquisition, cost savings and growth goals related to their contingent workforce management programs.
“Our number-one priority is providing organizations with the most innovative and client-centric solutions to accelerate how they acquire, manage and optimize talent,” said Kevin Akeroyd, CEO, PRO Unlimited “GRI shares this same strategic approach for its customers. Combining two leading contingent workforce management companies allows us to reimagine and transform the future of work.”
Akeroyd added, “With GRI’s team of experts and ours, we have a new opportunity to innovate, anticipate and solve future workforce management challenges. Our collective clients can continue to rely on us for greater management, performance and financial control over their workforce and talent supply chains.”
GRI is currently owned by MSX International, a leading provider of technology-enabled business process outsourcing, which is a portfolio company of funds managed by Bain Capital Europe. GRI offers customized MSP solutions to over 150 global clients, with over $4 billion in spend under management and a strong presence in the US, UK and India. Its presence in both the UK and India further extends PRO’s established operations in these countries, and increases its vast supplier network of over 10,000 agencies. With the proposed acquisition, the combined client spend under management for PRO will reach over $20 billion.
“GRI continues to exceed growth expectations due to the contributions of our team and partners at Bain Capital Private Equity, our ability to remain aligned with clients and our commitment to over-deliver with a broad suite of capabilities,” said Mike Wachholz, CEO of GRI. “Their strategic and operational expertise has helped us build a highly scalable model to support further market penetration and diversification, and we’re incredibly excited to continue our growth journey in concert with PRO Unlimited.”
“PRO is set to be a great home for the future of our employees and our customers, who will now benefit from a broad portfolio of services via the comprehensive PRO platform,” said Fred Minturn, Chairman of MSX International. “Over the last five years, the business has grown tremendously under Mike and Fred’s leadership through the introduction of new services (including Statement of Work and Direct Sourcing), investment into its industry-leading EnvisionTM analytics platform and transformative M&A. We want to thank the whole team for the shared success,” said David Danon, a Managing Director at Bain Capital Private Equity Europe.
The transaction is subject to customary conditions and approvals. Sidley Austin LLP, Morgan Lewis and PwC advised PRO Unlimited with this transaction.
About PRO Unlimited
Serving hundreds of the world’s most recognizable brands, PRO Unlimited offers modern workforce management and a partner ecosystem supported by data, software, intelligence and services to meet your flexible workforce needs. PRO’s Integrated Workforce Management platform can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency and expertise to serve as the holistic platform for the modern workforce. Headquartered in Burlingame, California, PRO has helped global brands and organizations achieve operational and financial success for more than 30 years. http://www.prounlimited.com
About Geometric Results, Inc. (GRI)
GRI, a portfolio company of funds managed by Bain Capital Private Equity Europe, manages billions of dollars of contingent workforce spend across the globe. They provide cost-effective, innovative Managed Services Program (MSP) solutions to drive workforce visibility, deliver material cost savings and attract better talent. With solutions underpinned by market insights and business intelligence, GRI stands distinctly apart from the industry because they invest solely in MSP services. Vendor-neutral and free of all channel conflict, they are not owned by a staffing company or beholden to corporate-mandated business interests. GRI works only for its clients and operates with one goal: to deliver the most effective, efficient, value-driven MSP platform. With over two decades of experience supporting some of the world’s most recognized brands, GRI’s model is unique, proven and forward-thinking.
Christian Barbato, Vice President of Corporate Marketing
GRI / MSXI / Bain Capital
Julia Tilley / Violet Wilson
+44 (0)7815 068 387 / +44 (0)7875 841 477