TrueBlue Acquires MDT Personnel, Accelerates Growth Through Strategic Acquisition

  TrueBlue Acquires MDT Personnel, Accelerates Growth Through Strategic

Business Wire

TACOMA, Wash. -- February 6, 2013

TrueBlue, Inc. (NYSE:TBI) announced today that it has acquiredsubstantially
all ofthe assets of MDTPersonnel, a temporary staffing provider with 105
branch locations and more than 15 on-site locations in 25 states.

MDT is the third-largest general labor staffing firm in the U.S. and supplies
blue-collar labor to industries similar to those served by TrueBlue, including
construction, event staffing, disaster recovery, hospitality, and
manufacturing. TrueBlue will expand the size of its general labor business by
merging MDT’s operations with those of Labor Ready. The addition of MDT
creates a TrueBlue organization with combined annual revenue of approximately
$1.6 billion.

CEO Steve Cooper called MDT “an excellent match” with TrueBlue’s existing
business, and said that the acquisition will enhance TrueBlue’s national
position as the leading provider of dependable blue-collar temporary labor.

“Getting results is inherent to the culture of both companies,” said TrueBlue
CEO Steve Cooper. “MDT is a high-quality company. I’m excited to bring our
talented teams together so that we can create even more growth by addressing
the needs of our combined customers and to attract new customers by delivering
business solutions to them through the added expertise and scale we now

“TrueBlue has a full range of capabilities and is well known for its
specialized temporary staffing solutions,” said Mike Traina, MDT CEO. “The
additional resources TrueBlue can offer will enable our customers to continue
to receive the quality service MDT has provided. Joining the team also opens
the door to more career opportunities for our people.”

Cooper added that the decision to acquire MDT’s operations reflects the
company’s overall optimism about growth in the staffing industry and that it
will continue to pursue other opportunities to grow through acquisitions.

The base purchase price was $48 million with $12 million paid in cash and $36
million in assumed debt. An additional amount was paid to reimburse the Seller
for excess working capital. The deal closed Monday, Feb. 4, 2013.

About TrueBlue

TrueBlue, Inc. is a leading provider of blue-collar staffing. In 2012,
TrueBlue connected approximately 350,000 people to work through the following
brands: Labor Ready, Spartan Staffing, CLP Resources, PlaneTechs, and
Centerline, and served approximately 140,000 businesses in the retail,
service, wholesale, manufacturing, transportation, aviation, and construction
industries. TrueBlue, Inc. is headquartered in Tacoma, Wash. For more
information, visit TrueBlue’s website

Forward-looking Statements

This document contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,”
“should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,”
“targets,” “anticipates,” and similar expressions are used to identify these
forward-looking statements. Examples of forward-looking statements include
statements relating to our future financial condition and operating results,
as well as any other statement that does not directly relate to any historical
or current fact. Forward-looking statements are based on our current
expectations and assumptions, which may not prove to be accurate. These
statements are not guarantees and are subject to risks, uncertainties, and
changes in circumstances that are difficult to predict. Many factors could
cause actual results to differ materially and adversely from these
forward-looking statements, such as our ability to successfully complete and
integrate the MDT Personnel and other acquisitions that we may make from time
to time. Other examples of such factors can be found in our reports filed with
the SEC, including the information under the heading “Risk Factors” in our
Annual Report on Form 10-K for the fiscal year ended Dec. 30, 2011, and in our
quarterly reports on Form 10-Q subsequently filed. Any forward-looking
statement speaks only as of the date on which it is made, and we assume no
obligation to update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise, except as required by


TrueBlue, Inc.
Derrek Gafford, 253-680-8214
Stacey Burke, 253-680-8291
VP of Corporate Communications
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