Templine grows further with acquisition
Templine is a specialist supplier of blue-collar labour covering warehouse staff, forklift truck operatives, machine supervisors, general labour and drivers. The business, which is headquartered in Birmingham, offers its services throughout the UK with particular strength in the Midlands, South East, South West and North West.
The firm, which is backed by private equity house Key Capital Partners (KCP), has shown strong year on year growth and reported turnover of c.£46m in 2014 – up 12 per cent on the previous year. The company is expected to achieve sales of around £55m in 2015.
Corinium Employment, which trades as Witton Recruitment, operates from branches in Cirencester and Swindon. The business specialises in the supply of permanent and temporary staff to a wide variety of market sectors across the South West.
Stewart Rogers, chairman at Templine, said, “We have witnessed an exceptional period of growth in recent years, and the acquisition of Witton offers us a great opportunity to expand not only into a new geographical area, but also to more fully exploit the commercial and permanent appointment market.
“KCP has been the ideal partner for our business, guiding us towards our business objectives. With the continued support of Owen and the team, we are confident of continuing the levels of growth we reported in 2014, and look forward to developing our new partnership with Witton in the coming months.”
Owen Trotter, partner at KCP and non-executive director at Templine, said, “When we originally invested in Templine, we saw the ambition and drive of the management team, and the recent success of the business is fully merited for their hard work.
“The strategic acquisition of Witton expands the company’s capability, putting Templine is in an extremely strong position for the coming years.”