Thu, 18 Apr 2019 | BUSINESS SALE
Swindon-headquartered recruitment company Outsource UK has snapped up RZ Group in an acquisition deal advised by HMT.
Established in 1996 by Paul Jameson, Outsource UK has offices in Birmingham, London, Manchester and Stoke-on-Trent, and provides recruitment services to clients in a range of industries including financial services, engineering, defence, public sector and logistics.
Its acquisition of RZ Group, previously known as Recruitment Zone and established in 1998 by directors Andy Barton, David Bedford and Lisa Kwiecinska, will allow the company to include Edinburgh and Bolton to its portfolio of locations.
Further to this, it will also allow Outsource UK to branch out into recruitment in technology and oil and gas, which are current specialities of RZ Group.
CEO of Outsource UK, Nick Dettmar, said: “We are delighted to announce our new acquisition and look forward to exploiting the mutual benefits of bringing the two organisations together. We share a lot of common traits with both organisations being contract-heavy providers of technology and change professionals into similar sectors.”
The acquisition will allow the two companies to bring their total headcount to over 100 members.
Professional advisory firm HMT conducted the financial due diligence for Outsource UK, led by Paul Read.
He said: “We are delighted to have advised Outsource UK on their acquisition of RZ Group.
“Outsource is one of the largest specialist recruitment firm in the UK and by joining forces with RZ Group, the business is clearly entering a market leading position.
“We look forward to working with them in the future as they grow the business.”
For more news stories about acquisitions, click here.
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