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

Specialist Leadership Communications Consultancy
South East, UK

Specialises in delivering effective programmes for C-Suite, Directors and Managers to become better communicators and leaders. Offers invited.

Asking Price: Offers Invited
Turnover: £467,000

RELOCATABLE


Electrical Contractor
North of England, UK Wide

Turnover in excess of £1m with an EBITDA of £167k. Predominantly provides its services to the UK petrochemical industry. Offers invited.

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

RELOCATABLE


Storage Solutions Specialist
South West, UK

Specialises in the design, manufacture and installation of bespoke storage solutions. Products include industrial shelving and racking, office storage, lockers and mezzanine floors. Offers invited.

Asking Price: Offers Invited
Turnover: £2,700,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
14
 
May
 

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

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

 
16
 
Mar
 

Construction mogul Dawnus braces itself for administration | ADMINISTRATION

Dawnus Construction, the property development giant based in...

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

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