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

Airport Demand & Capacity Consultancy
South East, UK

The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...

Asking Price: Offers Invited
Turnover: £1,309,000

Commercial Laundry
Yorkshire and the Humber, UK

Well-Established Family Run Business, that has been in the same hands for over 20 years. The owners feel its time to step back and let others take it to the next level having facilitated that growth potential purposely over the last 3 years. Offers i...

Asking Price: £1,300,000
Turnover: £977,948

FREEHOLD


Tagging Services to Library Sector
UK Wide

If you are looking for an uncomplicated yet profitable business, this is it. Using RFID and BLE technology our client works across a number of sectors to electronically tag assets for ease of monitoring. Put simply, the business is one link in a chai...

Asking Price: £395,000
Turnover: £450,000

WORK FROM HOME



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
23
 
Aug
 

Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION

Faraday Grid, an Edinburgh-headquartered energy transformer ...

 
11
 
Jun
 

Administrators called in for Newport radiator company | ADMINISTRATION

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

 
07
 
Jun
 

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