WRS’ construction management team complete MBO
Michael McNeill and his team have completed a management buyout of the construction division of Worldwide Recruitment Solutions Ltd (WRS) for an undisclosed sum. With the MBO now complete McNeill and his team will provide their services via We Build Recruitment Ltd (WBR).
Headquartered in Manchester City Centre, WBR is a recruitment agency providing both blue and white collar contractors to the construction market on a temporary and permanent basis, supporting clients across the whole of the UK. With an already established client and contractor database, WBR is aiming to grow its current contractor numbers to over 400.
Management were supported by Fieldfisher, Manchester for legal advice.
McNeill (pictured), managing director at We Build Recruitment Ltd, said, “After starting the WRS Trades & Labour division in 2016 and successfully building it to a £10m annual turnover, supported by a team of nine, I felt it was the right time to venture out into the market as a standalone business and build on those foundations.
“With the continued growth of construction projects in Manchester and the North West, labour requirements are at an all-time high and being able to provide high quality, temporary white and blue collar labour to clients who are building the future of Manchester is my team’s motivation.
"The plan for WBR is to set us apart from the typical recruitment company and deliver a fast, reliable and more importantly honest service, to not only our clients but also our contractors. We will continue to supply qualified and trust worthy labour as standard, it’s the only way to build a strong working relationship with clients”.
Worldwide Recruitment Solutions (WRS) fully supported the recent management buyout and felt that market conditions were perfect for the sale of the thriving construction division, allowing it to concentrate on other key areas of its portfolio.
Mark Brown, CEO at WRS, stated, “The timing was right for all parties, for Mike and his team to take this successful division to market as a stand alone business, we at WRS would like to take this opportunity to wish WBR all the best of luck for the future.”