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Ryecroft Glenton announces recruitment acquisition search

The company said, "We have been retained by a privately owned, leading IT recruitment business currently pursuing a growth strategy within the recruitment sector, which involves both strong organic growth and expansion by acquisition. Our client has previously carried out successful strategic acquisitions and is currently looking to make further ones.  

"The Company has many years of experience in the IT recruitment space, and has the financial and managerial resources in place to ensure a quick and definitive response to any potential acquisition opportunities."

Ryecroft Glenton Corporate Finance is retained to advise on the acquisition of a business with the following characteristics  

Businesses providing contract and permanent recruitment solutions to companies operating within the IT and Digital sectors.

Have a minimum revenue stream of &pound1m, but with no upper limit, and have reported sound operating profits over the past few years. That said, the Company would consider acquiring a business that has performed well over recent years, but has suffered of late for macroeconomic or other reasons such as infrastructure, cash availability etc.

A strong second tier management team, which is willing to remain with the business and a loyal team of employees. Subject to understanding ownership of client relationships our client is relaxed about the shareholders looking to exit the business at completion.

Opportunities will be considered on a nationwide basis, although Companies based in the South of England would be preferred.    

All enquiries in relation to Project Vantage should be directed to Carl Swansbury on 07764 605 533 or carlswansbury@ryecroft-glenton.co.uk  

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