Major Recruitment creates £30m group in acquisition of Torus Recruitment
May 11, 2015
Posted by Nick Hill on 11 May 2015 in the Hospitality section of Bdaily.co.uk
Huddersfield-based Major Recruitment Group has completed the acquisition of Torus Recruitment in a deal that takes its revenue to over £30m. The acquisition of £6m turnover Torus, which has offices in Doncaster, will see Major Recruitment merge the firm’s specialist heavy engineering, general engineering, technical, offshore and oil & gas sector recruitment to its own work across industrial, logistics, healthcare, administration, engineering, technical, oil & gas and executive placements. As well as creating a group with 75 new employees, the deal boosts Major Recruitment’s presence in South Yorkshire and the North East, while there are ongoing plans to launch a Liverpool office and continue on the acquisition trail. Phil Bottomley, managing director of Major Recruitment, said: “Our strategy of organic and acquisitive growth in new markets enables us to provide unique multi-sector solutions to our clients. Our independent structure allows us to be dynamic and focus on our core values which is fundamentally about delivering an exceptional service to our clients. “I am delighted to welcome Torus into the Major Group and look forward to working with the team to build upon their success so far. Our integration plan will see additional resources, wider divisional market support coupled with investment into training, additional team talent and general infrastructure upgrades to support the impressive growth plans. "
Dan Summerfield of Panacea Investment Group advised Major Recruitment throughout the acquisition process. Mr Summerfield commented: “This is an excellent acquisition for Major, the strategic fit for the business both in terms of access to new territories and indeed entry to new sectors will deliver significant upside for both Major and importantly its ability to further enhance its offering to its existing and new clients”. Other advisors on the transaction included, Schofield Sweeney, Paragon Financial Management and Clarion Solicitors. Funding for the transaction was provided by ABN AMRO.