Apollo-Backed EmployBridge to Acquire Bluecrew From IAC (3)

IAC Inc. has agreed to sell its app-based Bluecrew business to EmployBridge, an industrial-staffing company backed by Apollo Global Management Inc.

IAC will keep a minority stake in the combined company, which will generate more than $4 billion in pro-forma revenue, according to a statement Tuesday reviewed by Bloomberg.

Financial terms of the transaction weren’t disclosed.

Bluecrew uses analytics to help companies with their variable staffing needs, utilizing its more than 100,000 ready-to-work crew members, according to its website. BlueCrew Chief Executive Officer Stephen Avalone will join EmployBridge as chief platform officer after the deal closes.

Bluecrew and Employbridge ...