DUBLIN, Ireland, and MODESTO, CA, June 13, 2024 – WGNSTAR, a leader in innovative workforce solutions for the semiconductor industry, proudly announces the acquisition of Principal Service Solutions (PSS). This strategic acquisition solidifies WGNSTAR’s position as the market leader in semiconductor workforce solutions, enhancing their capacity to meet the rapidly growing talent and asset demands of the industry.
This acquisition aligns with the historic investment currently taking place in the US semiconductor sector. With a record-breaking number of semiconductor fabs under construction, the industry is experiencing significant growth. Such growth requires a dramatic increase in workforce capacity, with projections indicating over 300,000 new domestic workers needed over the next decade.
“With the unprecedented investment currently taking place in the US, this acquisition could not have come at a better time,” said Nigel Wenden, CEO of WGNSTAR. “The combined strengths of our companies provides higher critical mass and a more robust organizational structure which allows us to better support the talent challenges currently facing the semiconductor industry.”
“We have identified the exceptional PSS team and their modern approach to workforce solutions as one that perfectly complements our own,” continued Wenden. “Together, we are better positioned to deliver comprehensive and forward-thinking solutions to ensure our clients can successfully navigate the complexities of our ever-changing industry. We look forward to welcoming the PSS team in the coming weeks as we transition to this next chapter together.”
With the US semiconductor market experiencing extraordinary growth, one of the keys to achieving optimal success is a well-trained and qualified workforce. By leveraging the strengths of the combined companies, WGNSTAR and PSS are better poised to provide comprehensive national coverage to semiconductor companies looking to extend and safeguard their teams.
“Our primary mission has remained steadfast: to deliver semiconductor companies with risk-free workforce solutions capable of seamlessly adjusting to business needs,” said Tim Wylie, CEO and Founder of PSS. “As part of WGNSTAR, our combined expertise and resources greatly enhances our ability to deliver on this mission and meet the growing demands of the industry today, tomorrow and beyond. We look forward to a bright future.”
Building on the previous acquisition of NSTAR Global Services in February 2023, the integration of PSS positions WGNSTAR as the undisputed leader in the semiconductor workforce solutions market. Their expanded capability and enhanced geographic service offering allows them to support the industry’s expansion and drive forward with cutting-edge solutions that address current and future workforce needs. For more information, visit https://wgnstar.com/.
About WGNSTAR
WGNSTAR is a trusted partner to many of the world’s leading semiconductor manufacturers, providing innovative and cost-efficient managed workforce services and asset lifecycle management solutions. We partner with our clients to build a custom approach which ensures we deliver a workforce solutions plan that is tailored to their specific operations and ultimate business goals. Our service offerings include managed workforce, equipment relocation, asset lifecycle management, flexible staffing, direct hire, facilities support, training, and fabrication. With headquarters in Ireland and regional offices throughout the United States, we are strategically located where our clients need us most.
About Principal Service Solutions (PSS)
Principal Service Solutions is a leading technical workforce provider entrusted to safeguard the quality of operations while lowering costs and meeting business goals. Our customized solutions evolve over time with your changing business needs, providing a risk-free alternative to traditional workforce strategies.