MDT Personnel sold to Washington firm

CLEARWATER — MDT Personnel LLC, the third-largest general labor staffing firm in the United States, has been purchased by TrueBlue Inc., North America's leading provider of blue-collar staffing, according to its website.

According to the Securities and Exchange Commission filing, TrueBlue purchased MDT Personnel for $12 million in cash, as well as the assumption of some liabilities, and $36 million in debt. According to the SEC filing, TrueBlue issued a five-year term loan for $34 million to Synovus Bank to discharge MDT's debt. In addition, TrueBlue agreed to pay $7 million for excess working capital.

Clearwater-based MDT Personnel has 105 branches and 15 on-site locations in 25 states, according to a news release. It supplies temporary blue-collar labor to the construction, event staffing, disaster recover, hospitality and manufacturing industries.