Cascadia Advises PGC Group in Acquisition by Workwell

Precision Global Consulting ( has been acquired by Workwell Logo a portfolio company of Universal Partners Logo

Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Precision Global Consulting (“PGC Group”), a leading provider of employer of record (EOR) solutions in North America, in its acquisition by Workwell, a provider of tech-enabled, compliant employer of record and workforce management solutions.

Founded in 2000, PGC Group became a trailblazer in the US outsourced employment space, quickly expanding to Canada and the UK. Its proprietary technology solution, Precision, allowed the company to scale into a robust company that serves as the go-to solution for the top global recruiting firms.

The transaction instantly establishes the combined business as a trusted and tech-enabled international employer of record for its clients and the wider market, with scaled capability in the world’s major recruitment and hiring markets and fulfils Workwell’s ambition to become a truly global provider.

The transaction brings significant financial strength with a combined turnover in excess of £1.4 billion (USD $1.7B) and more than 40,000 contingent workers served globally. The combined group will have in-country operations across North America, the UK and the majority of Europe, with further solutions covering the rest of the world, all united by a common tech platform.

“Cascadia was an invaluable partner throughout our M&A journey, demonstrating a deep understanding of our business model and client base,” commented Adam Coleman, Founder and CEO of PGC Group, who will join the board of Workwell. “Their unwavering commitment to our team and business resulted in an outstanding outcome, with a perfectly aligned partner.”

“For Workwell to become a global leader in employment and contractor management services, the provision of US capability is critical and has been on our strategic roadmap for some time. With a market-leading position, long-established reputation for quality and UK brand recognition, PGC Group was the obvious choice for us,” added John Hoskin, CEO of the combined global business. “The combined business creates a powerhouse in the global market space. In the rapidly evolving landscape of workforce solutions, we are now well positioned to capture maximum global market share.”

“The demand for highly consultative outsourcing continues to accelerate due to the expansion of the need for flexible workforce solutions and outsourced HR services to support,” said Hugh Campbell, Managing Director and Head of Cascadia’s Business Services team. “PGC’s approach is emblematic of the power the right mix of technology and services can have in optimizing the talent, recruitment, and HR markets.”

Relevant Transactions

This acquisition represents another successful transaction for Cascadia’s business services group. Past transactions include:

ITMAGINATION Logo has been acquired by Virtusa Corporation Logo backed by BPEA-EQT Logo
TERRA Staffing Group Logo has received an investment from Hastings Equity Partners, LLC Logo
The Muse Logo has received an investment  Logo
Credence Logo has been acquired by Certn Logo
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