Mike Baker's questions to HireQuest (HQI) leadership • Q2 2025
Question
Inquired about the status of the potential TrueBlue acquisition, the broader M&A pipeline, market share trends, and the reasons behind MRI franchisees not renewing their agreements.
Answer
The company remains interested in the TrueBlue transaction but has no new updates and is exploring other M&A opportunities. Market share is difficult to gauge due to lost MRI franchisees, but individual performance is in line with the market. The MRI non-renewals are part of a long-term trend for that network, which has a looser affiliation model compared to other company brands.