Gaby Hardwicke recently completed 2 acquisitions for the Sammons Recruitment Group. The deals were led by Mark Williams, Corporate Finance Partner, but involved input from the Employment and Commercial Property teams
Sammons Recruitment Group has acquired IT recruitment experts Brightred Resourcing and Hampshire based generalist recruitment consultancy On Track.
As well as achieving strong organic growth, the Group’s service offering is building from strength-to-strength through acquisition of businesses with shared values and a strong focus on customer service excellence. Furthermore, Brightred significantly deepens the Sammons service provision in the key IT sector, and On Track brings on board a highly successful recruitment team in an attractive geography.
Sammons now has over 30 staff based across the South East.
The two deals are part of a wider buy and build that is underway, enabling Sammons to become a much larger business, while also moving into new markets and extending the breadth of its recruitment service provision to both clients and candidates alike.
Michael Allen, the previous owner of Brightred, has joined the Group through this transaction. Michael said, “I’m delighted to now be joining the wider business, becoming a part of Sammons’ journey, staying on to further grow the business and strengthen the core recruitment services being delivered, particularly in Information Technology.”
As well assisting with the securing of funding, corporate finance specialists Shaw & Co advised Sammons on its overall acquisition strategy. Legal support was provided by Gaby Hardwicke, and accounting and tax support by Swindells.
Harriet Smith, Sammons CEO said: “As companies embrace the change driven by Covid-19, there has never been a better time to both broaden and deepen the recruitment offering of Sammons. We’re executing on our strategic growth plan through attracting highly complementary businesses and market-leading talent to meet the demands of our current and future clients.”
Gaby Hardwicke Corporate Finance Partner, Mark Williams said: “We were delighted to complete these latest deals for Sammons which broadens their reach across the South East. The acquisitions form part of Sammons’ buy and build strategy and we are pleased to be part of their exciting journey.”