Staffline acquires Diamond Recruitment Group
Diamond specialises in temporary and permanent recruitment solutions and has expertise in a number of Staffline’s core business sectors. Diamond brings a number of large blue-chip clients based in Northern Ireland as well as knowledge of the local area and an excellent reputation with clients.
The acquisition is in line with Staffline’s strategy to expand geographically and will accelerate the growth of the existing Staffline Ireland division opened in 2013. As one of the largest recruitment agencies in Northern Ireland, Diamond provides over 2,000 workers a day from a database of over 59,000 candidates, adding significant scale to Staffline’s local presence.
The acquisition will be earnings neutral this year and is being funded from the Group’s existing bank facility.
Andy Hogarth, chief executive officer of Staffline, commented, “This acquisition fits our strategy of selective bolt-on acquisitions and will expand our Staffline Ireland division, enhancing our reach and customer base considerably. We are delighted to welcome the Diamond team to the Group and look forward to continuing to grow our business in Northern Ireland.”