Recruitment firm acquires counterpart

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. 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


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