SPS appoints M&A director
Specialist People Services (SPS) has appointed Neil McManus as its M&A director.
McManus, who previously worked at Victoria Plum, has ten years’ experience in corporate finance, including seven years at KPMG and, prior to that, at Barclays Capital in the City.
SPS says his role will see him work closely with chief executive, Chris Chidley, as the group seeks to identify and acquire complementary businesses in niche recruitment and business support services both in the UK and overseas.
Chidley said, “Thanks to our financial strength, along with the continued backing of LDC and our lenders, we are well-placed to make further strategic acquisitions as and when we identify them.
“With his experience of leading acquisitions, from origination to completion and integration, as both an adviser and in industry, Neil is the perfect person to work with me as we seek to acquire businesses which will add value to the SPS group.
“Our focus on providing outstanding recruitment services in regulated, hard-to-serve sectors has helped us carve out an enviable position in the market. Neil’s appointment further strengthens our senior team and will help us continue to deliver both organic and acquisitive growth in the future.”
McManus added, “SPS is a unique company with a clear proposition and the ambition to drive future growth through a combination of organic revenue streams and strategic acquisitions. I’m excited by the prospect of using my experience in M&A to play a part in building SPS into a truly formidable business.”