Tue, 12 Apr 2016 | MBO/MBI
A recruitment firm based in Neath and Bridgend, both in Wales, has been subjected to a successful management buyout (MBO), reports Insider.
Jennifer Griffiths Recruitment (JGR) has been purchased from the company director Jennifer Griffiths by the Neath office management team, made up of Daniel Edwards and Hayley Phillips.
The pair have been managing the Neath office for 15 years, and have stepped in to acquire the recruitment firm after Jennifer Griffiths, who founded the business from home in 1969, decided to retire after 47 years as company director.
New co-owner Daniel Edwards commented on the MBO: "I can see real potential for the future of JGR. We can build on the fantastic reputation we have within the industry. Jen's retirement was a catalyst for myself and Hayley to step forward and develop the company and our careers.
"We're enthusiastic to maintain and build on the service that JGR is renowned for, due to Jennifer's hard work ethic within the business."
Retiring director Jennifer Griffiths added: "I am delighted that Dan and Hayley are taking over. They have been with JGR for 15 years and I'm confident they will carry forward our strong values and professionalism, honesty and service delivery. The staff already hold them in high regard, which should be the making of an 'invincible force' in this industry.”
JGR has been based on Nolton Street in Bridgend for close to 50 years, while its Alfred Street operation in Neath has been in business for around 30 years.
JGR, which is the longest-running independent recruitment company in South Wales, sources employees for more than 100 companies based in the region, from Carmarthen to Cardiff.
Buyers can view other recruitment businesses for sale here.
Expressions of interest for the business and assets are required by 5pm on 24th July 2019 with bids anticipated shortly thereafter. An opportunity exists to acquire the shares or alternatively the business and assets of this UK based, innovative comp...
*Trade Enquiries Only*. A leading UK designer, manufacturer and global distributor of critical components in specified compression fittings with a crucial safety function. Offers invited.
Manufacturer of Nets for everything except fishing. More than 130 years of continuous trading. The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfull...
LEASEHOLD
|
19
|
|
Jul
|
Outdoor activity centre completes MBO | BUSINESS SALE
An outdoor water activity centre has been successfully sold ...
|
18
|
|
Jul
|
Filtermist International completes acquisition of industrial vacuum cleaner manufacturer | BUSINESS SALE
Filtermist International, an air extraction and filtration s...
|
17
|
|
Jul
|
Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION
A caravan manufacturing business in Preston is on the lookou...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources