Hirers in tie-up
BBR Services adds Star Recruitment to portfolio
Nicholas McVeigh-Crabbe: synergies
Construction and residential property recruitment firm BBR Services has acquired Edinburgh-based Star Placement for an undisclosed sum.
The deal makes BBR the biggest residential property recruitment firm in Scotland with clients including Cala, Balfour Beatty and Stewart Milne.
Star Placement was founded 10 years ago by Eleanor Leith and has built a strong portfolio of mainly residential property clients in the Central Belt and North East of Scotland.
The business, which currently employs a team of four, generated £500,000 in revenue last year. While Mrs Leith will step down from her role, Star’s remaining employees will join the BBR team.
BBR was founded in Edinburgh in 2014 and has since opened satellite offices in Glasgow and London while growing its team to 12. This latest acquisition follows its 2015 purchase of another Scottish-based residential property recruitment business, West Central Staff.
BBR increased its profitability by more than 30% following that deal and generated revenues of £1.7m last year.
BBR Services director and founder, Nicholas McVeigh-Crabbe, said: “We believe there are significant synergies between the two companies.
“As we grow our business across the UK, we are continuing to monitor other future opportunities to build our client base.”
BBR was advised by Michael Currie at law firm Aberdein Considine.