SF Group acquires Selection Group
Selection Group, which has operations in Leeds and Manchester, will become part of SF Group’s network of offices covering the East Midlands, West Midlands and the North West. The acquisition also enables SF Group to enter the Leeds market, whilst bolstering its existing presence in Manchester.
Selection Group, which was advised by Ryecroft Glenton Corporate Finance, employs 36 people across its two offices and specialises in recruiting for sales, finance & accountancy, legal, engineering, office services and call centre roles.
With its Head Office based in Nottingham, SF Group places individuals into roles across a variety of sectors including finance & accountancy, HR and sales. SF Group is part of The Invest|R Group, a professional services recruitment group, which invests in high-growth specialist staffing companies. The Invest|R Group is on a rapid growth trajectory which includes an active buy and build and talent acquisition strategy.
Following the acquisition, Selection Group Ltd will retain its existing experienced management team of Gareth Asomaning and Nicola Bretherton, who will be charged with continuing to develop the business, which has seen year-on-year growth in excess of 40 percent across multiple sectors.
Tony Minnis, Managing Director of SF Group and Chief Operating Officer of The Invest|R Group, said: “There are strong synergies between the two businesses, both in terms of the sectors we operate in and our shared commitment to delivering exceptional levels of service. Having worked closely with John, Gareth and Nicola on the transaction I am extremely confident we can jointly enhance the offering to both our candidates and clients across all locations as well as increasing development opportunities for our employees.”
Adam Fletcher, Mergers & Acquisitions Director at The Invest|R Group, said: “Selection Group is a perfect addition to our group of high-growth, high-quality recruitment businesses. We have a highly focused acquisition strategy, with this being our third investment in the white collar recruitment space in the last 12 months. This strategy is proving very successful for us and really demonstrates the value of investing in ambitious and talented owner-managed businesses.”
John Lumb, founder of Selection Group said: “I am exceptionally proud of what we have achieved to date at Selection Group Ltd. As a result of this transaction, the business will continue to grow as part of a like-minded and driven organisation that has a significant presence across a number of geographies and sectors. I have no doubt that our talented management team and staff will continue to be instrumental in the development and success of the business.”
Carl Swansbury, Partner at Ryecroft Glenton Corporate Finance, said: “Strategically, operationally and culturally these two businesses are very similar and, based on our extensive experience in the recruitment sector, it was entirely logical to bring them together. We have worked closely with John and the Selection Group management team over the past 12 months to meet their objectives and congratulate SF Group on the acquisition of a growing and well-respected business.”