Human capital management company and provider of Employer of Record (EOR) services, Workwell Group, has 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 per cent 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.”
Hoskin went on to say the acquisition significantly strengthens the business’ North American operations and deepens their client base, positioning them for accelerated expansion in this critical market.
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.
