Logistics recruiters and distributors snaps up Birmingham-based counterpart

Wed, 15 May 2019 | BUSINESS SALE



Challenge TRG Group, headquartered in Wigan, has successfully acquired Birmingham-based Phoenix Training Services to address the HGV driver skills shortage across the country.

Operating a logistics recruitment and distribution company, Challenge TRG Group has taken over the training specialist to bring its overall turnover to £120 million. Phoenix Training Services' founder and director, Trevor Cox, will continue with the business as a non-executive director, whilst Simon Bladon, the operations director, will move over to Challenge.

Presently, Phoenix provides training in customer service, forklift truck driving and administration, which will expand to include driver training, warehousing and manual handling and first aid in classroom and e-learning capacities.

The acquisition primarily tackles the shortage of 60,000 HGV drivers in the country, whilst also aiming to improve skill sets of 4,000 temporary workers and 158 permanent staff members.

HSBC and Praetura financed the deal, with Grant Thornton and a number of other advisory firms advising both parties.

Group chief executive of Challenge TRG Group, Tom Cropper, said: "Challenge has been working with Phoenix for more than two years as our preferred training partner for both internal colleagues and, more recently, training delivery for some of our key clients.

"The intention is to overlay Phoenix's training services across our business, with a focus on developing and engaging our workforce, whether across industrial or driving sectors."

Cox commented on the acquisition, adding: "The team has the same commitment and passion for investing in people, and using the latest training methods, to develop a robust workforce that ultimately provides clients with a higher quality of temporary workers.

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Manned Guarding Security Business
Central London, South East, UK

Long time established security business which provides highly trained manned guarding operatives to its blue chip clientele. The company provides a total security solution for its high profile corporate clientele. Operating in the premium sector. Of...

Asking Price: £1,350,000
Turnover: £3,400,000

LEASEHOLD


Showhome Interior Designers & Furnishers
Cambridgeshire, UK Wide

Established 1981. Enviable reputation. Fantastic trading location. Semi-retirement sale. Offers invited.

Asking Price: £775,000
Turnover: £1,269,946

LEASEHOLD


Industrial Lifting Equipment Hire Business
West Yorkshire, Yorkshire and the Humber, UK

Fantastic 41 year trading history. Closed weekends. A new lease is available on the property. Offers invited.

Asking Price: £100,000
Turnover: £488,148

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
11
 
Jun
 

Administrators called in for Newport radiator company | ADMINISTRATION

A radiator manufacturer headquartered in Newport, South Wale...

 
07
 
Jun
 
 
14
 
May
 

Specialist insurance company in South Wales completes MBO | MBO/MBI

A specialist insurance broker located in South Wales has suc...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources