Scots recruiter Brightwork snapped up by Staffline
Brightwork Recruitment, the Scottish headhunter, has been acquired by Staffline, a Midlands-based outsourcing organisation providing services, mainly in the UK, to Government and commercial customers.
The deal is expected to take Staffline closer to achieving a £1 billion turnover and follows its purchase of Oak Recruitment in March.
Brightwork is a £35m-turnover firm based in Edinburgh and employs about 60 people. It also has offices in Glasgow and specialises in temporary and permanent jobs, in the drinks, warehousing, manufacturing and distribution sectors.
Staffline’s pre-tax profits rose by 244% in 2016, to £18.9m, on the back of revenues growing 26% to £882.4m.
Derek May (pictured), chief executive of Brightwork, will continue in his role. The acquisition is expected to be earnings neutral in the current year and is being funded out of Staffline’s existing resources.
In a short statement Brightwork said the acquisition “represents an attractive strategic opportunity to increase its footprint”, strengthening the group’s geographic reach across the UK, as well as bringing a blue-chip client base.
Andy Hogarth, chief executive of Nottingham-based Staffline, said: “Staffline is delighted to announce the acquisition of Brightwork Recruitment.
“We have been increasing our capability in Scotland in recent years and this acquisition will accelerate the growth of both businesses as it provides scale, as well as greater geographic coverage and value added services.
“We can offer our clients a greater national service. We very much look forward to working with all the team at Brightwork and to building a great future together.”