![]() More than 90% of those born in 1940 earned more than their parents in real terms, but only about 60% of those born in 1965 did. People can feel themselves losing ground. Amid the rise of automation and globalization, millions of workers are clearly struggling, even as U.S. In recent decades, however, something has gone wrong. By many measures, it is true that Americans’ standard of living has improved steadily through much of the postwar era. One of capitalism’s great promises, dating back at least to Adam Smith, is that competition in the free market benefits all of society. Explore the broad positive impact they believe this approach can create. ![]() Show how a focus on workforce investment can help, and.Summarize some of the main stressors holding U.S. ![]() Two Sigma Impact is focused on investments in four core sectors-Healthcare, Education & Training, Consumer, and Tech-Enabled Business Services-where it believes it can scientifically leverage investing in human capital as a driver of value-creation.Ĭitizens M&A Advisory served as exclusive financial advisor to Eclipse Advantage, with Freeport Financial Partners providing financing for the transaction.A new paper by the Two Sigma Impact team outlines our approach to workforce issues as a driver of value-creation–not just for workers themselves, but for companies, investors, and society, too. The acquisition of Eclipse is Two Sigma Impact’s fourth investment since the launch of the business in late 2020, following investments in workforce development pioneer Penn Foster, leading B2B personal care e-commerce provider Wholesale Supplies Plus and in-home paediatric therapy leader Circle of Care. We plan to build on their strong foundation by investing to improve employee and employer alignment, while at the same time leverage our data and technology capabilities to advance the employee and customer experience through enhanced workforce analytics, market assessments and sales infrastructure.” Eclipse is a people-based business where the ability to attract and retain workers is critical to the success of the business. “For decades, Eclipse has bridged the gap between workers and employers, and over the past year they’ve been on the frontlines confronting the labor shortage caused by Covid-19. “We are excited to partner with a company that is closely aligned with our workforce impact mission and dedicated to creating good jobs while developing talent that will drive our economy forward,” says Ian Blasco, Partner at Two Sigma Impact. ![]() We look forward to continuing our decades of growth alongside Two Sigma Impact, and to leverage their data science capabilities to complement our innovative technology to help grow our customer base and identify the best talent.” “We’re thrilled to partner with a like-minded organisation such as Two Sigma Impact that recognises the value of employee engagement and wellbeing. As we work through disruptions in the labor force, we’re proud to be part of the solution and remain committed to offering access to talent at predictable costs,” says Pete Westermann, Chief Executive Officer of Eclipse. “Since inception, we’ve provided market-leading supply chain workforce solutions to ensure businesses are operating as efficiently and productively as possible, all while creating quality jobs. Two Sigma Impact will build on the Company’s strong culture and employee relations by introducing digitally-powered workforce-enhancement tools and analytics to attract and better retain Eclipse’s industrial athletes and internal staff. The partnership will help expand and diversify Eclipse’s growth opportunities, fuelled by widespread talent shortages and long-term market tailwinds such as increased e-commerce adoption and growing utilisation of outsourced labor. Eclipse provides a comprehensive suite of labor services in more than 150 locations across the US and Canada, and is focused on a wide array of end markets. The Company has enjoyed year-over-year growth for nearly two decades and partners with Fortune 1000 companies to improve supply chain productivity and efficiency. Financial terms of the transaction have not been disclosed.įounded in 2003, Eclipse employs approximately 5,000 workers, or “industrial athletes”, to fill the gap in the large and growing outsourced distribution labor market.
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