has been acquired by
a portfolio company of
Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce it served as the exclusive financial advisor to Eastridge Workforce Management (“EWM”), a prominent tech-enabled Employer of Record (EOR) provider, in its acquisition by Workwell Group (“Workwell”), a global leader in human capital management (HCM) and EOR services.
The transaction marks a strategic carve-out from Eastridge Workforce Solutions and follows Workwell’s acquisition of PGC Group in April 2024, a deal in which Cascadia advised PGC Group. Together, these acquisitions mark a decisive period of growth for Workwell as it continues to scale its operations across the U.S., 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.
“EWM’s reputation for excellence in the HCM and EOR space, coupled with its enterprise client relationships and proprietary VMS technology, made it an attractive strategic addition to Workwell,” said Hugh Campbell, Managing Director at Cascadia Capital. “This transaction underscores the continued momentum in the workforce solutions sector as companies seek scale, technology enablement, and geographic reach to meet evolving client needs. We look forward to seeing Workwell and EWM continue to succeed together.”
“Cascadia Capital provided valuable guidance throughout this process,” said Seth Stein, CEOof EWM. “Their industry knowledge, strategic insights, and execution support helped us navigate the transaction effectively. We appreciated their understanding of our business and their role in identifying the right long-term partner in Workwell.”
“We are excited to welcome the Eastridge Workforce Management team to the Workwell Group,” noted John Hoskin, CEO of Workwell. “Their exceptional capabilities and reputation in the HCM sector, combined with their strong relationships with top-tier enterprise clients 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.”